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The Insurance Companies (Pension Business)(Transitional Provisions) (Amendment) Regulations 1996
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- UK Statutory Instruments
- 1996 No. 1
- Regulation 4
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Amendments to the principal Regulations
4. In regulation 2—
(a)after the definition of “maximum reduced entitlement” there shall be inserted—
““notional repayment” shall be construed in accordance with paragraph 1A of Schedule 19AB (treated as inserted by regulation 6 of the Insurance Companies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995(1)) and, in relation to a notional repayment, “provisional repayment period” shall be construed in accordance with that paragraph of that Schedule;”; and
(b)in the definition of “provisional repayment”, after the words “Schedule 19AB and” there shall be inserted the words“, in relation to a provisional repayment,”.
(1)
S.I. 1995/3223.
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