Paragraph 29

Section 89(1) of the Companies Act 1967 (criminal liability of directors, etc. of an industrial assurance company) shall continue to have effect as amended by the M1Insurance Companies Act 1974 and the M2Insurance Companies Act 1982, that is, with the substitution of “ director, chief executive or manager (as defined in the Insurance Companies Act 1982) ” for the words from “director” to “manager”.