# The Friendly Societies (Long Term Insurance Business) Regulations 1987, Regulation 45: Interpretation: Part VII


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/1987/2132/regulation/45 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/regulation-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.