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Regulation 16 Interpretation: Part V

Original text. Later amendments are not shown.

(1)

Regulation 33 of the 1994 Regulations (interpretation: Part V) shall be amended as follows.

(2)

For the definition of “general business liabilities” substitute—

  • ““general business liabilities” has the same meaning as in Part IV of these Regulations;”.

(3)

After the definition of “general business liabilities” insert—

  • ““insurance liabilities” means amounts calculated in accordance with this Part of these Regulations in respect of those items shown at C and D under the heading “Liabilities” in Part I of Schedule 2 to the Friendly Societies (Accounts and Related Provisions) Regulations 1994.”