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 ”.