PART 3AMENDMENTS TO SECONDARY LEGISLATION
The General Insurance Reserves (Tax) Regulations 2001 (S.I.2001/1757)
Provisions supplementing regulation 3193
1
In regulation 4(1) of the General Insurance Reserves (Tax) Regulations 2001 (provisions supplementing regulation 3)—
a
for sub-paragraph (a) substitute—
a
a transfer effected under a scheme falling within section 105 of the Financial Services and Markets Act 2000, including an excluded scheme falling within Case 2, 3, or 4 of subsection (3) of that section, or
b
in sub-paragraph (b) for “52B of that Act” substitute “116 of the Financial Services and Markets Act 2000”.
2
The amendment made by paragraph (1)(a) above has effect in relation to any transfer under a scheme falling within section 105 of the Financial Services and Markets Act 2000, including an excluded scheme falling within case 2, 3 or 4 of subsection (3) of that section.
3
The amendment made by paragraph (1)(b) above has effect in relation to any transfer in relation to which section 116 of the Financial Services and Markets Act 2000 applies.