{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-52",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-52.json",
  "legislation": "uksi/2001/3629",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001",
  "path": "article/52",
  "kind": "article",
  "number": "52",
  "heading": "Miscellaneous amendments",
  "text": "(1) In the following provisions for “long term business fund” substitute “long-term insurance fund”—\n(a) section 333B(1), (2)(b), (3) and (9) (in the definition of “long term business fund”);\n(b) section 431(2) (in the definition of “long term business fund”);\n(c) section 432A(1)(a) and (9B) (in paragraph (b) in the definition of “investment reserve”);\n(d) section 432AA(2), (3) and (5);\n(e) section 438(1);\n(f) section 438B(1);\n(g) section 440(4)(e);\n(h) section 440A(2)(d);\n(i) section 440B(3)(a);\n(j) section 755A(1)(c), (5), (7) and (12) (in the definition of “long term business fund”);\n(k) the following paragraphs of Schedule 19AA—\n(i) paragraph 2(1)(b), (2) (twice) and (3) (four times);\n(ii) paragraph 3(1)(a), (2)(a) and (3)(a);\n(iii) paragraph 4(1), (2) and (5) (in paragraph (b) in the definition of “investment reserve”);\n(l) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) In the following provisions for “long term” substitute “long-term”—\n(a) section 431(2) (in the definition of “long term business fund”);\n(b) section 432ZA(2)(a) and (b), (3) and (7) (twice);\n(c) section 432A(2)(f), (8)(a) (twice) and (b) and (9B) (in the first place where it occurs in the definition of “investment reserve”);\n(d) section 432AA(4)(d);\n(e) section 432C(1);\n(f) section 432D(1);\n(g) section 440B(4) (in section 440A(2)(a) treated as substituted);\n(h) section 444A(5);\n(i) section 463(1), (2) and (3);\n(j) section 466(2) (in the definition of “long term business”);\n(k) section 804B(4)(b) and (5)(b);\n(l) section 804C(13)(b);\n(m) the following paragraphs of Schedule 19AA—\n(i) paragraph 2(3)(d) (in the second place where it occurs);\n(ii) paragraph 4(2)(a) and (b), (4)(b) and (5) (in the first place where it occurs in the definition of “investment reserve”);\n(n) paragraph 5(5)(a) and (b) of Schedule 19AB;\n(o) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Art. 52(1)(l) revoked (31.12.2006 with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), regs. 1, 43(2), Sch. Pt. 2 (with reg. 1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Art. 52(2)(o) revoked (31.12.2006 with effect in accordance with reg. 1 of the amending S.I.) by The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271), regs. 1, 43(2), Sch. Pt. 2 (with reg. 1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 52 in force at 1.12.2001, see art. 1(2)(a)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 432A was inserted, together with sections 432B to 432E, by paragraph 4 of Schedule 6 to the Finance Act 1990 and relevantly amended by paragraph 13(2) of Schedule 8 to the Finance Act 1995 and section 109(5) and (6) of the Finance Act 2000."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 432AA was inserted by paragraph 39 of Schedule 5 to the Finance Act 1998."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 438(1) was amended by paragraph 4(2) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Section 438B was inserted by paragraph 5 of Schedule 25 to the Finance Act 2001 (c. 9)."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Section 440(4) was substituted by paragraph 5(3) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f6",
      "text": "Section 440A was substituted, together with section 440, for section 440 by paragraph 8 of Schedule 6 to the Finance Act 1990."
    },
    {
      "type": "footnote",
      "label": "f7",
      "text": "Section 440B was inserted by paragraph 28(1) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f8",
      "text": "Section 755A was inserted by paragraph 13 of Schedule 17 to the Finance Act 1998."
    },
    {
      "type": "footnote",
      "label": "f9",
      "text": "Schedule 19AA was inserted by paragraph 6 of Schedule 7 to the Finance Act 1990 and relevantly amended by Articles 3 and 4 of S.I. 1994/3278 and Article 3 of S.I. 2000/2188."
    },
    {
      "type": "footnote",
      "label": "f10",
      "text": "Section 432ZA was inserted by paragraph 11(2) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f11",
      "text": "Section 432C(1) was amended by paragraphs 12(1)(a) and 14(2) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f12",
      "text": "Section 432D(1) was amended by paragraphs 12(1)(a) and 15(2) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f13",
      "text": "Section 444A(5) was amended by paragraph 17(5) of Schedule 8 to the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f14",
      "text": "Section 463 was amended by section 50 of the Finance Act 1990, paragraph 10 of Schedule 9 to the Finance (No. 2) Act 1992 and section 171(5) of the Finance Act 1996."
    },
    {
      "type": "footnote",
      "label": "f15",
      "text": "Section 466(2) was relevantly amended by section 171(2)(b) of the Finance Act 1996."
    },
    {
      "type": "footnote",
      "label": "f16",
      "text": "Section 804B was inserted by paragraph 17 of Schedule 30 to the Finance Act 2000."
    },
    {
      "type": "footnote",
      "label": "f17",
      "text": "Section 804C was inserted by paragraph 18(1) of Schedule 30 to the Finance Act 2000."
    },
    {
      "type": "footnote",
      "label": "f18",
      "text": "Schedule 19AB was inserted by Schedule 8 to the Finance Act 1991 and is repealed by Part 2(12) of Schedule 33 to the Finance Act 2001 with effect in accordance with section 87 of that Act."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3629/article/52",
    "retrieved_at": "2026-10-29T07:25:32.387063+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."
}