PART 2AMENDMENTS TO PRIMARY LEGISLATION

The Finance Act 1989 (c. 26)

Modification of section 83A in relation to overseas life insurance companies59

1

Amend paragraph 1B of Schedule 8A (modification of section 83A in relation to overseas life insurance companies)81 as follows.

2

For “the Insurance Companies Act 1982” substitute “Chapter 9 of the Prudential Sourcebook (Insurers)”.

3

Renumber the existing provision (as amended by paragraph (2)) as sub-paragraph (1) and after that sub-paragraph insert—

2

In sub-paragraph (1) “the Prudential Sourcebook (Insurers)” means the Interim Prudential Sourcebook for Insurers made by the Financial Services Authority under the Financial Services and Markets Act 2000.

4

This Article has effect in relation to periods of account ending on or after 1st December 2001.