Regulation 2 Amendment of regulation 2 of the principal Regulations
In regulation 2(1), after the definition of “fraud case”, insert —
““indemnity arrangement” means an arrangement which may comprise—
- (a)
a policy of insurance;
- (b)
an arrangement made for the purposes of indemnifying a person; or
- (c)
a combination of a policy insurance and an arrangement made for the purposes of indemnifying a person;”.