United Kingdom branches of overseas life assurance companiesU.K.
7(1)In section 446 of that Act (computation under section 436 of profits arising to an overseas life assurance company)—U.K.
F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)subsections (2) and (3),
shall cease to have effect.
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Subsection (3) of that section (proportion of profits arising from general annuity business for purposes of section 446) shall cease to have effect.
F1(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 7 para. 7(1)(a)(2)(4)(5) repealed (27.7.1993 with application as mentioned in s. 103(3)(4) of the amending Act) by 1993 c. 34, ss. 103(3)(4), 213, Sch. 23 Pt.III.