# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 55: Calculation of profits

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

(1) Amend section 82 (calculation of profits) as follows.
(2) In subsection (1)(b) for “its return for the purposes of the Insurance Companies Act 1982” substitute “the return deposited with the Financial Services Authority under section 9.6 of the Prudential Sourcebook (Insurers)”.
(3) After subsection (1) insert—
“(1A) In subsection (1)(b) 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.”.
(4) This Article has 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/55 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.