# The General Insurance Reserves (Tax) Regulations 2001, Regulation 1.1: Rule 1


Subject to regulation 5, the calculation under Rules 2 to 9 shall be carried out in sterling, and the sterling discount rate in paragraph (a) of Rule 5.4. shall apply.

---
Source: https://www.legislation.gov.uk/uksi/2001/1757/regulation/1.1 (the official version)
Page: https://openlegislation.uk/general-insurance-reserves-tax-regulations-2001/regulation-1.1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.