Regulation 6 Schedule 2 to the 1996 Regulations: general business: revenue account and additional information

Paragraph 3 of Schedule 2 to the 1996 Regulations (currency) shall be amended as follows.

In sub-paragraph 4(b) of paragraph 3, after the words “Canadian dollars” insert “, euros”.

After sub-paragraph (5) of paragraph 3, insert–

“(6)

For the purposes of sub-paragraph (1) above, “the currency of the country concerned”, in the case of a country participating in European Economic and Monetary Union shall mean–

(a)

for forms completed in respect of a financial year ending before 31st December 1999, the currency of the country concerned as at 31st December 1998;

(b)

for forms completed in respect of a financial year ending on or after 31st December 1999, the euro (whether or not the amounts reported on those forms relate to accident or underwriting years ending on or after 31st December 1999).”.