SCHEDULES

SCHEDULE 10Underwriters

PART ISpecial Reserve Funds

Setting up and management of, and payments into and out of, special reserve funds

10The arrangements must provide that, on the underwriter ceasing to carry on his business, the capital of his special reserve fund or funds, so far as not required for giving effect to the requirements of paragraph 8 above, shall be paid over to the underwriter or his personal representatives or assigns.