Regulation 18 Introduction

The Exchange Gains and Losses (Insurance Companies) Regulations 1994^f1 are modified in accordance with regulations 19 to 27 below and, as modified, continue to have effect (notwithstanding the repeal of sections 167(1) and 168(2) to (5) of the Finance Act 1993 by sections 79(1)(b) and 141 of, and Part 3(10) of Schedule 40 to, the Finance Act 2002).