# The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993, Regulation 8: Transitional provisions


(1) The directors of a qualifying body need not prepare accounts in accordance with regulation 3 with respect to a financial year of the body commencing before 23rd December 1994.
(2) Where advantage is taken of paragraph (1), regulation 5 shall not apply to the body.

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Source: https://www.legislation.gov.uk/uksi/1993/3245/regulation/8 (the official version)
Page: https://openlegislation.uk/insurance-accounts-directive-miscellaneous-insurance-undertakings-regulations-1993/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.