Paragraph 18 Finance Act 2012

(1)

Section 139 (minor definitions) of the Finance Act 2012^f1 is amended as follows.

(2)

In subsection (1)—

(a)

in the definition of “liabilities”—

(i)

in paragraph (a), for “Insurance Prudential Sourcebook” substitute “INSPRU”, and

(ii)

in paragraph (b), for “General Prudential Sourcebook” substitute “GENPRU”, and

(b)

in the definition of “with-profits fund”, for “Prudential Sourcebook (Insurers)” substitute “IPRU (INS)”.

(3)

In subsection (4)—

(a)

at the end of the definition of “deposit back arrangements” insert—

““GENPRU” means the General Prudential Sourcebook made by the Prudential Regulation Authority under FISMA 2000,

“INSPRU” means the Prudential Sourcebook for Insurers made by the Prudential Regulation Authority under FISMA 2000, and

“IPRU (INS)” means the Interim Prudential Sourcebook for Insurers made by the Prudential Regulation Authority under FISMA 2000.”,and

(b)

omit the definitions of “the Insurance Prudential Sourcebook”, “the General Prudential Sourcebook” (and the “and” following it) and “the Prudential Sourcebook (Insurers)”.

Annotations

Footnotes

f1: 2012 c.14.