This section has no associated Explanatory Memorandum
4. For the APC in which the re-insurance arrangement ends, the investment return treated as accruing to the cedant may be found by applying steps 1 to 3 in relation to all the policies or contracts, if the cedant is able to provide to an officer of HM Revenue and Customs evidence which satisfies the officer that the calculation of step 2 can reasonably be supported.