{
  "url": "https://openlegislation.uk/financial-services-act-2012-consequential-amendments-and-transitional-provisions-order-2013/schedule-2/paragraph-17",
  "json_url": "https://openlegislation.uk/financial-services-act-2012-consequential-amendments-and-transitional-provisions-order-2013/schedule-2/paragraph-17.json",
  "legislation": "uksi/2013/472",
  "legislation_title": "The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013",
  "legislation_url": "https://openlegislation.uk/financial-services-act-2012-consequential-amendments-and-transitional-provisions-order-2013",
  "path": "schedule/2/paragraph/17",
  "kind": "paragraph",
  "number": "17",
  "heading": "The Insurance Companies (Reserves) (Tax) Regulations 1996",
  "text": "In the Insurance Companies (Reserves) (Tax) Regulations 1996—\n(a) in regulation 2(1) (interpretation)—\n(i) for the definition of “equalisation reserves rules” substitute—\n““equalisation reserve rules” means the rules in Chapter 1.4 of INSPRU made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000;”;\n(ii) for the definition of “INSPRU” substitute—\n““INSPRU” means the Prudential Sourcebook for Insurers made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000;”;\n(iii) after the definition of “INSPRU” insert—\n““IPRU(INS)” means the Interim Prudential Sourcebook for Insurers made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000;”;\n(iv) for the definition of “return period” substitute—\n““return period” means the period covered in a document prepared by an insurance company for the purposes of section 9.3 of IPRU(INS);”;\n(b) in regulation 8A (certain insurance business carried on outside the United Kingdom by a controlled foreign company—non-annual accounts but returns prepared on an annual basis)—\n(i) for paragraph (6) substitute—\n“(6) For the purposes of paragraph (4), accounts are prepared on an accident year basis where the accounts and statements required to be deposited with the Prudential Regulation Authority pursuant to Chapter 9 of IPRU(INS) are prepared using Forms 21, 22 and 23 prescribed by the Accounts and Statements Rules contained in that Chapter.”;\n(ii) omit paragraph (7).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 17 in force at 1.4.2013, see art. 1(1)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1996/2991, amended by S.I. 1999/1408, 2001/3629, 2004/3260 and 2008/2679."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/472/schedule/2/paragraph/17",
    "retrieved_at": "2026-10-29T01:02:28.872417+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}