Regulation 5 Schedule 1 to the 1996 Regulations: balance sheet and profit and loss account
The forms contained in Schedule 1 to the 1996 Regulations shall be amended as follows.
In the instructions for completion of Form 9 (statement of solvency), for paragraphs 4 and 5 substitute—
“4The entry at line 23 shall be equal to the sum of lines 11 and 63 in Form 14.
5The entry at line 24 shall be equal to the sum of lines 12 and 49 in Form 14.”.
In the instructions for completion of Form 13 (analysis of admissible assets)—
for paragraph 3 substitute—
“3(a)In the case of the United Kingdom branch of an external company (other than a pure reinsurer) Form 13 shall be completed for the following categories of assets—
Category Code – other than long term business assets Code – long term business assets Assets deposited with the Accountant General 2 6 Assets maintained in the United Kingdom 3 7 Assets maintained in the United Kingdom and the other EEA States 4 8 (b)In the case of the United Kingdom branch of an external company (other than a pure reinsurer) Form 13 shall be completed for the following categories of assets—
Category Code – other than long term business assets Code – long term business assets Assets deposited with the Accountant General 2 6 Assets maintained in the United Kingdom and the other EEA States 4 8 Assets maintained in the United Kingdom and the other EEA States where business is carried on 5 9 ”; and
after paragraph 10 add—
“11Lines 60 to 63 and 85 relate only to general business insurance.
12Lines 60 to 63 and 85 should be left blank for “Category of assets” codes “2”, “3”, “4” and “5”.”
For Form 14 (long term business liabilities and margins), substitute the Form 14 as set out in the Schedule to these Regulations.