Paragraph 26

in the definition of “authorised insurers” for the words “liability insurance business or pecuniary loss insurance business” there shall be substituted the words “insurance business of class 13 or of classes 1, 2, 14, 15, 16 and 17 in Schedule 2 to the Insurance Companies Act 1981”; and

in the definition of “insurance business” for the words from “of any” to “assurance business” there shall be substituted the words “other than industrial assurance business (within the meaning of section 1(2) of the Industrial Assurance Act 1923 or Articles 2(2) and 3(1) of the Industrial Assurance (Northern Ireland) Order 1979).”