Section 2 Power to modify equalisation reserve requirements in relation to particular companies.

Section 68 of the M1Insurance Companies Act 1982 (power to modify Part II in relation to particular companies) shall be amended as follows.

In subsection (4), for “and 25 to 36” there shall be substituted “ 25 to 34 and 35 to 36 ”.

After that subsection there shall be inserted—

“(4A)

If regulations made for the purposes of this subsection so provide, the provisions to which this section applies shall also include section 34A above and the provisions of regulations made for the purposes of that section.”