Regulation 14 Margins of solvencyI1

United Kingdom

(1)

In subsection (3) of section 32 of the 1982 Act^f1 (margins of solvency), for the words “Community margin of solvency” substitute the words “EEA margin of solvency”.

(2)

In subsections (5) and (6) of that section—

(a)

for the words “Community margin of solvency” substitute the words “EEA margin of solvency”; and

(b)

for the words “in member States (taken together)” substitute the words “in EEA States (taken together)”.

(3)

In subsections (1) and (3) of section 33 of that Act (failure to maintain minimum margin), for the words “Community margin of solvency” substitute the words “EEA margin of solvency”.

Annotations

Commencement

I1: Reg. 14 in force at 1.7.1994, see reg. 1(1)

Footnotes

f1: Subsection (3) was amended by S.I. 1993/3127, reg 3(3).