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Regulation 18 Exclusions from regulations 13 and 17

Original text. Later amendments are not shown.

(1)

Nothing in regulation 13 or 17 shall apply to long term or general business carried on outside the United Kingdom.

(2)

For the purposes of paragraph (1) above, the term “carried on” has the same meaning–

(a)

in relation to long term business, as it has for the purposes of Article 17(2) of the first life Directive; and

(b)

in relation to general business, as it has for the purposes of Article 15(2) of the first general insurance Directive.