Article 147 InterpretationI1

Amend regulation 2(1) (interpretation) as follows.

After the definition of “branch” insert—

• ““company tax return” has the meaning given by paragraph 3(1) of Schedule 18 to the Finance Act 1998;”

For the definition of “EC Company” substitute—

• ““EEA firm” means an EEA firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000;”.

After the definition of “equivalent reserve” insert—

• ““equalisation reserves rules” means the rules in Chapter 6 of the Prudential Sourcebook (Insurers);”.

Omit the definition of “the Management Act”.

After the definition of “paragraph 52 method of accounting on a non-annual basis” insert—

• ““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;”.

In the definition of “return period” for “17 of the 1982 Act” substitute “9.3 of the Prudential Sourcebook (Insurers)”.

Omit the definition of “section 34A regulations”.

After the definition of “the Taxes Act” insert—

• ““Treaty firm” means a firm which has permission under paragraph 4 of Schedule 4 to the Financial Services and Markets Act 2000 (as a result of qualifying for authorisation under paragraph 2 of that Schedule) to effect or carry out contracts of insurance in the United Kingdom and, in this definition, “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001;”.

Omit the definition of “the 1982 Act”.

The amendments made by paragraphs (2), (4) to (8) and (10) above have effect in relation to periods of account ending on or after 1st December 2001.