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29. In regulation 33—
(a)in paragraph (1), for “directive societies” substitute “annual return societies”;
(b)in paragraph (2), for “(2)” substitute “(2E)”;
(c)in the subsections treated as inserted into section 83 of the Finance Act 1989(1), the subsections and references thereto shall be renumbered so that, wherever occurring, for “(2A)” substitute “(2F)”, for “(2B)” substitute “(2G)”, for “(2C)” substitute “(2H)”, and for “(2D)” substitute “(2I)”.
(d)in the inserted subsection (2F), for “a receipt of the period” substitute “an increase in value of the assets of the long-term insurance fund”.
Section 83 is amended by section 170 of, and paragraph 2 of Schedule 33 to, the Finance Act 2003.
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