Regulation 3 Balance Sheet

For paragraph (6) of regulation 6 of the 1996 Regulations (balance sheet), substitute—

“(6)

Form 14 shall be completed by every company which carries on long term business in respect of:

(i)

its total long term business liabilities and margins; and

(ii)

the long term business liabilities and margins for each separate long term business fund or group of funds for which separate assets have been appropriated.”