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11.—(1) This regulation applies if, in a section 83YD(2) period of account—
(a)an insurance company carries on both gross roll-up business and basic life assurance and general annuity business,
(b)each relevant financing arrangement of the company in force in that period of account meets the loan condition (and not the reinsurance condition), and
(c)there has been only one section 83YC(3) amount in that period of account and all preceding periods of account.
(2) The part of the section 83YD(2) amount referable to gross roll-up business is a fraction of that amount, determined in accordance with regulation 5(2), for the period of account in which the section 83YC(3) amount arose in respect of the section 83YD arrangement.
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