# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 102: Leasing arrangements—finance leases and loans

Extent: E+W+S+N.I.

(1) Amend Schedule 12 (leasing arrangements—finance leases and loans) as follows.
(2) In paragraph 18—
(a) for the words from “Part II” to “rules)” substitute “the rules contained in Chapter 9 of the Prudential Sourcebook (Insurers)”;
(b) renumber the existing provision (as amended by sub-paragraph (a)) as sub-paragraph (1) and after that sub-paragraph insert—
“(2) In sub-paragraph (1) above “the Prudential Sourcebook (Insurers)” means the Interim Prudential Sourcebook for Insurers made by the Financial Services Authority under the Financial Services and Markets Act 2000.”.
(3) In paragraph 19—
(a) in sub-paragraphs (2), (3) and (4)(b) for “long term business” substitute “long-term insurance”;
(b) in sub-paragraph (4)(c) for “long term” substitute “long-term”.
(4) The amendments made by paragraph (2) above have effect in relation to periods of account ending on or after 1st December 2001.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/102 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-102
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.