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Paragraph 6

Original text. Later amendments are not shown.

In section 21(1) of that Act (interpretation)—

(a)

there shall be inserted at the appropriate places the following definitions—

  • ““accounts” means the profit and loss account required to be prepared by section 226 of the Companies Act 1985 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993;

  • “qualified auditor” means a person eligible for appointment as an auditor of the society under Part II of the Companies Act 1989 as applied by paragraph 3 of Schedule 9 to those Regulations;”; and

(b)

for the definition of “group accounts” there shall be substituted the following definition—

  • ““group accounts” means the accounts required to be prepared by section 227 of the Companies Act 1985 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 1993.”.