# The Friendly Societies (Insurance Business) Regulations 1993, Paragraph 5


If the amount arrived at under paragraph 4 above is more than 7 million ECU, it shall be divided into two portions, the former consisting of 7 million ECU and the later comprising the excess.

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Source: https://www.legislation.gov.uk/uksi/1993/98/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1993/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.