Paragraph 19

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

Sch.4, para.7(6) amended by Insurance Companies (Accounts and Statements) 1997 reg.12
Sch.4, para.15 renumbered (as para.15(1)) by Insurance Companies (Accounts and Statements) 1997 reg.13
Sch.4, para.15(2) added by Insurance Companies (Accounts and Statements) 1997 reg.13
Sch.4, para.19(1)(2) amended by Insurance Companies (Accounts and Statements) 1997 reg.14(1)
Sch.4, para.20 renumbered (as para.20(1)) by Insurance Companies (Accounts and Statements) 1997 reg.15
Sch.4, para.20(2)(3) added by Insurance Companies (Accounts and Statements) 1997 reg.15
Sch.4, para.21(1)(d) added by Insurance Companies (Accounts and Statements) 1997 reg.16
Sch.4, para.20(3) amended by Insurance Companies 1998 reg.9
Sch.4, Form 60 amended by Insurance Companies 1998 reg.10
Sch.4 amended by Insurance Companies 2000 reg.3

(1)

Separate statements of assets covering long term liabilities (other than assets held to match property linked or index linked liabilities) in the form set out in Forms 48 and 49 in respect of each fund or group of funds for which separate assets are appropriated.

(2)

A brief description of the extent to which any of the amounts recorded in Form 48 would be changed if assets which the company had a right or obligation to acquire or dispose of under derivative contracts outstanding at the end of the financial year (being, in the case of options, only those options which it would have been prudent to assume would be exercised) had been so acquired or disposed of.

(3)

A brief description of how different the information provided pursuant to sub-paragraph (2) above would have been if such options as were outstanding at the end of the year had been exercised in such a way as to change the amounts referred to in that paragraph to the maximum extent.

(4)

A brief description of how different the information provided pursuant to sub-paragraphs (2) and (3) above would have been if, instead of applying to contracts outstanding at the end of the financial year, those sub-paragraphs had applied to derivative contracts outstanding at such other time during the financial year as would have changed the amounts referred to in those sub-paragraphs to the maximum extent.