Regulation 15 Transitional provision

Where an insurance company, pursuant to regulation 21 of the Insurance Companies (Amendment) Regulations 1995^f1, applies the provisions of the 1994 Regulations as if the provisions of the Insurance Companies (Amendment) Regulations 1995 had not been made, it shall, until 1st July 1996, apply the 1994 Regulations as if the provisions of these Regulations had not been made.