Regulation 8 Amendment of the principal Regulations

For paragraph 8 substitute—

“8

For the purpose of this undertaking a relevant event is—

(a)

a chargeable event within the meaning of Chapter 2 of Part 13 of the Taxes Act; or

(b)

a chargeable event which is treated as occurring by reason of regulation 6(1) of the Personal Portfolio Bonds (Tax) Regulations 1999^f1,

in respect of which an insurer is under an obligation to deliver a certificate under section 552.”.