# The Friendly Societies (Insurance Business) Regulations 1993, Regulation 32: Interpretation: Part V


In this Part of these Regulations—
“long term liabilities” means liabilities of a society arising under or in connection with contracts for long term business including liabilities arising from deposit back arrangements;
“the valuation date”, in relation to an actuarial investigation, means the date to which the investigation relates.

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Source: https://www.legislation.gov.uk/uksi/1993/98/regulation/32 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1993/regulation-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.