# The Friendly Societies (Insurance Business) Regulations 1994, Paragraph 5


If the amount arrived at under paragraph 4 above is more than 10 million ECU, it shall be divided into two portions, the former consisting of 10 million ECU and the latter comprising the excess.

---
Source: https://www.legislation.gov.uk/uksi/1994/1981/schedule/2/paragraph/5 (the official version)
Page: https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/schedule-2/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.