This section has no associated Explanatory Notes
207U.K.After section 1223 insert—
“1223AException for basic life assurance and general annuity business
(1)Sections 1219 to 1223 do not apply in relation to an accounting period of an insurance company with investment business so far as the business consists of basic life assurance and general annuity business.
(2)See instead the rules set out in Chapter 3 of Part 2 of FA 2012.”