1.—(1) These Regulations may be cited as the Insurance Companies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) (Amendment) Regulations 1996 and shall come into force on 21st May 1996.
(2) Regulation 3 has effect in relation to all payments of interest on relevant gilt-edged securities made without deduction of tax on or after 6th April 1996.
(3) Regulation 4 has effect in relation to accounting periods ending on or after the day on which these Regulations come into force.