# The Friendly Societies (Insurance Business) (Amendment) Regulations 1996, Regulation 7: Valuation of assets and liabilities of dependants for the purposes of regulation 21


(1) Regulation 22(5) of the 1994 Regulations shall be amended as follows.
(2) In the definition of “assets of a relevant description” for “Part I” substitute “Part II”.
(3) In the definition of “permitted limit”, after “paragraph 1”, insert “in Part II” and for “paragraphs 2 to 17” substitute “the remaining paragraphs in Part II”.

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Source: https://www.legislation.gov.uk/uksi/1996/3008/regulation/7 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-amendment-regulations-1996/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.