# The Overseas Life Insurance Companies Regulations 2006, Regulation 40: Modification of the Finance Act 2002


In Schedule 26—
(a) in the case of an EEA firm or a Treaty firm, in paragraph 4 (contracts excluded by virtue of their underlying subject matter), in sub-paragraph (2A)—
(i) after paragraph (a) insert—
“(aa) the company is an EEA firm or a Treaty firm within the meaning of Chapter 1 Part 12 of ICTA;”, and
(ii) in paragraph (b) for the words “is an approved derivative for the purposes of Rule 4.3.5 of the Integrated Prudential Sourcebook” substitute “is a derivative instrument falling within article 23.3 of the EC Consolidated Life Directive (EC/2002/83)”.
(b) in paragraph 28 (transactions within groups), in sub-paragraph (2)(d) omit “by paragraph 6(9) of Schedule 19AC to that Act”.

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Source: https://www.legislation.gov.uk/uksi/2006/3271/regulation/40 (the official version)
Page: https://openlegislation.uk/overseas-life-insurance-companies-regulations-2006/regulation-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.