# The Insurance Companies (Pension Business) (Transitional Provisions) (Amendment) Regulations 1997, Regulation 3: Amendments to the principal Regulations


In regulation 4—
(a) in paragraph (1) for the words from “accounting period” to the end there shall be substituted the words “of the accounting periods specified in paragraphs (2) to (5) (being accounting periods ending after the opening transitional date and before the closing transitional date) shall be reduced”;
(b) for paragraph (5) there shall be substituted the following paragraph—
“(5) The prescribed percentage is 7.5 per cent. for an accounting period ending after 31st December 1995 and before 1st January 1998.”

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Source: https://www.legislation.gov.uk/uksi/1997/2865/regulation/3 (the official version)
Page: https://openlegislation.uk/insurance-companies-pension-business-transitional-provisions-amendment-regulations-1997/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.