PART 2AMENDMENTS TO PRIMARY LEGISLATION

The Finance Act 1994 (c. 9)

Interpretation85

In section 230 (interpretation) for the definition of “premiums trust fund” substitute—

  • “premium trust fund” means a trust fund into which premiums receivable by members are paid in compliance with a trust deed under section 10.3 of the Lloyd’s Sourcebook made by the Financial Services Authority under the Financial Services and Markets Act 2000;