# The Overseas Life Insurance Companies Regulations 2004, Regulation 11: Modifications to the Finance Act 2002


(1) The Finance Act 2002 is modified as follows.
(2) In section 66 —
(a) in subsection (6)(a) —
(i) for “branch or agency” substitute “permanent establishment”;
(ii) for “Article 11 of the third life insurance directive” substitute “Article 14 of the consolidated life assurance directive”;
(b) in subsection (7), for the definition of “the third life insurance directive” substitute –
““the consolidated life assurance directive” means the Directive of the European Parliament and of the Council of 5th November 2002 concerning life assurance (No.2002/83/EC);”.
(3) In Schedule 22, in paragraph 10 —
(a) in sub-paragraph (5)(a) —
(i) for “branch or agency” substitute “permanent establishment”;
(ii) for “Article 11 of the third life insurance directive” substitute “Article 14 of the consolidated life assurance directive”;
(b) in sub-paragraph (6), for the definition of “the third life insurance directive” substitute –
““the consolidated life assurance directive” means the Directive of the European Parliament and of the Council of 5th November 2002 concerning life assurance (No.2002/83/EC);”.
(4) In Schedule 26, in paragraph 28(2)(d), for the words “of paragraph 4A of Schedule 19AC to the Taxes Act 1988” substitute “given by the definition treated as inserted into section 431(2) of the Taxes Act 1988 by paragraph 6(9) of Schedule 19AC to that Act ”.
(5) In Schedule 29, in paragraph 89(1)(b), for the words “of paragraph 4A of Schedule 19AC to the Taxes Act 1988” substitute “given by the definition treated as inserted into section 431(2) of the Taxes Act 1988 by paragraph 6(9) of Schedule 19AC to that Act ”.

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Source: https://www.legislation.gov.uk/uksi/2004/2200/regulation/11 (the official version)
Page: https://openlegislation.uk/overseas-life-insurance-companies-regulations-2004/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.