Regulation 2 Value of assets and amounts of liabilities

(1)

Regulation 4 of the 1996 Regulations shall be amended as follows.

(2)

In sub-paragraph (a), for “(other than a linked asset)” substitute “(other than a linked asset not required to be valued in accordance with Part VIII of the Insurance Companies Regulations^f1 by virtue of regulation 45(2) of those Regulations)”.

(3)

In sub-paragraph (b), after the words “a linked asset of the company” insert “(other than a linked asset required to be valued in accordance with Part VIII of the Insurance Companies Regulations by virtue of regulation 45 of those Regulations)”.

Annotations

Footnotes

f1: S.I. 1994/1516; Part VIII was amended by S.I. 1994/3133, regs. 7 to 12; S.I. 1995/3248, regs. 2 to 12 and S.I. 1996/942, regs. 3 to 9.