1998 No. 1872
The Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 1998
Made
Laid before the House of Commons
Coming into force
The Commissioners of Inland Revenue, in exercise of the powers conferred on them by section 431E of the Income and Corporation Taxes Act 19881, hereby make the following Regulations:
1
These Regulations may be cited as the Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 1998 and shall come into force on 6th April 1999.
2
In regulation 2(1) of the Insurance Companies (Overseas Life Assurance Business) (Compliance) Regulations 19952—
a
after the definition of “branch” there shall be inserted the following definition—
“individual savings account business” has the meaning given by regulation 3 of the Individual Savings Account (Insurance Companies) Regulations 19983;
b
in the definition of “relevant business”, for the words “which is neither pension business nor”, in both places where they occur, there shall be substituted “other than pension business, individual savings account business or”.
(This note is not part of the Regulations)