SCHEDULESF1

SCHEDULE 20 Minor and Consequential Amendments

The Income and Corporation Taxes Act 1988 (c. 1)

4

1

The Income and Corporation Taxes Act 1988 is amended as follows.

2

In section 76 (expenses of management: insurance companies), in subsection (8), omit the definitions of—

  • “the 1986 Act”;

  • “authorised person”;

  • “investment business”;

  • “investor”;

  • “investor protection scheme”;

  • “prescribed”; and

  • “recognised self-regulating organisation”.

3

In section 468 (authorised unit trusts), in subsections (6) and (8), for “78 of the Financial Services Act 1986” substitute “ 243 of the Financial Services and Markets Act 2000 ”.

4

In section 469(7) (other unit trust schemes), for “Financial Services Act 1986” substitute “ Financial Services and Markets Act 2000 ”.

5

In section 728 (information in relation to transfers of securities), in subsection (7)(a), for “Financial Services Act 1986” substitute “ Financial Services and Markets Act 2000 ”.

6

In section 841(3) (power to apply certain provisions of the Tax Acts to recognised investment exchange), for “Financial Services Act 1986” substitute “ Financial Services and Markets Act 2000 ”.