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Paragraph 7 Justification of distribution by references to accounts

Original text. Later amendments are not shown.

The specified provisions for the purposes of section 836(1)(b)(i) of the 2006 Act (Companies Act accounts: relevant provisions for distribution purposes)—

(a)

are provisions of any of the kinds mentioned in paragraphs 1 and 2 of this Schedule, and

(b)

in the case of an insurance company, any amount included under liabilities items Ba (fund for future appropriations), C (technical provisions) and D (technical provisions for linked liabilities) in a balance sheet drawn up in accordance with Schedule 3 to these Regulations.