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Regulation 2 Amendment of regulation 1 of the principal Regulations

Original text. Later amendments are not shown.

In regulation 1(2) of the principal Regulations (interpretation)—

(a)

for the definition of “25-year gross redemption yield” there shall be substituted the following definition—

““20-year gross redemption yield” means the gross redemption yield applicable to 20-year British Government Stocks with high coupons compiled by the Financial Times, the Institute of Actuaries and the Faculty of Actuaries;”;

(b)

for the definition of “25-year index number” there shall be substituted the following definition—

““20-year index number” means the number shown in the appropriate column in the table in Schedule 7 opposite the range of yields which includes the 20-year gross redemption yield;”.