Regulation 5 Amendments to the principal Regulations

sub-paragraph (m) shall be omitted;

after sub-paragraph (n) there shall be added—

“(o)

a payment in respect of an investment forming part of a premiums trust fund (within the meaning of section 457 of the Taxes Act) of an underwriting member of Lloyd's;

(p)

a payment to a local authority within the meaning of section 842A of the Taxes Act^f1.”.