Insurance Companies Act 1980

12 In regulation 2 of the [S.I. 1976/87.] Insurance Companies (Valuation of Assets) Regulations 1976—

(a) in the definition of " approved financial institution "—

(i) in sub-paragraph (c) for the words " Trustee Savings Bank Act 1969 " there shall be substituted the words " Trustee Savings Banks Act 1976 ";

(ii) in sub-paragraph (d) at the end there shall be added the words " or paragraph 23 of the Sixth Schedule to the Companies Act (Northern Ireland) 1960 ";

(b) in the definition of "equity share capital" for the words from " has" to " 1948" there shall be substituted the words ", in relation to a company, means its issued share capital excluding any part thereof which, neither as respects dividends nor as respects capital, carries any right to participate beyond a specified amount in a distribution ;

(c) in the definition of " holding company " at the end there shall be added the words " or section 148 of the Companies Act (Northern Ireland) 1960 ";

(d) in the definition of " quoted "—

(i) in sub-paragraph (a) at the end there shall be added the words " or the Companies Act (Northern Ireland) 1960 ";

(ii) in sub-paragraphs (b) and (c) for the words " Great Britain " there shall be substituted the words " the United Kingdom ".