# The Insurance Companies (Accounts and Statements) (Amendment) Regulations 1994, Regulation 17: Abstract of valuation report prepared by the appointed actuary


(1) In the opening paragraph of Schedule 4 to the 1983 Regulations (abstract of valuation report prepared by the appointed actuary), for the words “Regulation 54” substitute the words “regulation 64”.
(2) In paragraph 4 of that Schedule, at the end of sub-paragraph 2(b), for the full stop substitute a semi-colon and insert—
“(c) a description of the investment guidelines of the fund, including the use of derivative contracts.”
(3) In paragraph 5 of that Schedule—
(a) in sub-paragraph (1)(b), for the words “Regulation 58” substitute the words “regulation 68”;
(b) at the end of sub-paragraph (1)(g), for the full stop substitute a semi-colon and insert—
“(h) the method by which allowance has been made, if any, for derivative contracts in the determination of the amount of the long term liabilities.”; and
(c) in sub-paragraph (2)(a), for the words “Regulation 38(5)” substitute the words “regulation 45(6)”.
(4) In sub-paragraph (d) of paragraph 7 of that Schedule—
(a) for the words “Regulation 57(1)” substitute the words “regulation 67(1)”; and
(b) for the words “Regulations 55 to 64” substitute the words “regulations 66 to 75”.
(5) In sub-paragraph (b) of paragraph 8 of that Schedule, for the words “Regulation 61(1)” substitute the words “regulation 71(1)”.

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Source: https://www.legislation.gov.uk/uksi/1994/1515/regulation/17 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-amendment-regulations-1994/regulation-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.