Regulation 14 Schedule 4 to the 1996 Regulations: abstract of valuation report prepared by the appointed actuary

Paragraph 19 of Schedule 4 to the 1996 Regulations shall be amended as follows.

In sub-paragraph (1), for the words “assets covering long term liabilities” substitute “long term business assets”.

In sub-paragraph (2), after the words “derivative contracts” insert “or contracts having the effect of derivative contracts”.