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Paragraph 15 Derivative contracts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Any derivative contract entered into by the company—

(a)

the value of which is taken into account for the purposes of calculating benefits payable to policy holders under property linked contracts; or

(b)

in order to match its liabilities in respect of the payment of index linked benefits, shall be excluded from Form 17.