Accounting purposesU.K.
18[F1(1)] In the application of this Schedule in relation to companies carrying on insurance business, “accounting purposes” does not include the purposes of accounts which [F2the rules contained in Chapter 9 of the Prudential Sourcebook (Insurers)] requires to be prepared.U.K.
[F3(2)In sub-paragraph (1) above “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.]
Textual Amendments
F1Sch. 12 para. 18 re-numbered as para. 18(1) (1.12.2001 with effect as mentioned in art. 102(4) of the amending S.I.) by S.I. 2001/3629, art. 102(2)(b)
F2Words in Sch. 12 para. 18 substituted (1.12.2001 with effect as mentioned in art. 102(4) of the amending S.I.) by S.I. 2001/3629, art. 102(2)(a)
F3Sch. 12 para. 18(2) inserted (1.12.2001 with effect as mentioned in art. 102(4) of the amending S.I.) by S.I. 2001/3629, art. 102(2)(b)
Modifications etc. (not altering text)
C1Sch. 12 para. 18 modified in relation to periods for which accounts of friendly societies are made up ending on or after 26.11.1996 by S.I. 1997/473, reg. 53A (as inserted (31.12.1997) by S.I. 1997/2877, reg. 5 and as amended (with effect in relation to periods of account ending on or after 1.12.2001) by S.I. 2001/3629, art. 164