Paragraph 4

Where a company maintains more than one long term business fund, there shall be stated by way of a supplementary note to Form 40 the principles and methods applied to apportioning the investment income, increase or decrease in the value of assets brought into account, expenses and taxation between the different funds.

Boxes marked “No. of Fund/Summary” shall be completed by the inclusion of a discrete number to identify each fund or, if the Form relates to a part of the fund, the fund of which it is part. Where there is only one fund for ordinary long-term insurance business or for industrial assurance business, as the case may be, the number “1” shall be shown in the box marked “No. of Fund/Summary”. Where the Form is a summary Form, the number “99” shall be inserted in that box. Boxes marked “No. of Part of Fund” shall show a discrete number for each part of a fund or the figure “0” if the Form is a statement of the whole fund.