Regulation 4 Amendments to the principal Regulations

after the definition of “maximum reduced entitlement” there shall be inserted—

• ““notional repayment” shall be construed in accordance with paragraph 1A of Schedule 19AB (treated as inserted by regulation 6 of the Insurance Companies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995^f1) and, in relation to a notional repayment, “provisional repayment period” shall be construed in accordance with that paragraph of that Schedule;”; and

in the definition of “provisional repayment”, after the words “Schedule 19AB and” there shall be inserted the words“, in relation to a provisional repayment,”.