(1)If, in consequence of any amendment of section 105 of FISMA 2000 (insurance business transfer schemes), they consider it expedient to do so, the Treasury may by order amend—
(a)the definition of “insurance business transfer scheme” given by section 139, or
(b)any other provision of the Corporation Tax Acts that makes special provision in relation to insurance companies, any category of life assurance business carried on by insurance companies or long-term business carried on by insurance companies.
(2)An order under subsection (1) may be made so as to have effect in relation to—
(a)any period ending on or before the day on which the order is made, or
(b)any period beginning before and ending after that day,
but only if the amendment of section 105 of FISMA 2000 has effect in relation to that period.
(3)An order under subsection (1) may—
(a)make different provision for different cases or circumstances, and
(b)contain incidental, supplementary, consequential, transitional, transitory or saving provision.