- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
183. Amend the Personal Portfolio Bonds (Tax) Regulations 1999 in accordance with Articles 184 and 185.
184.—(1) Amend regulation 2(1) (interpretation) as follows.
(2) In the definition of “collective investment scheme” for “75 of the Financial Services Act 1986” substitute “235 of the Financial Services and Markets Act 2000”.
(3) In the definition of “internal linked fund” for the words from “regulation” to “1996” substitute “section 11.1 of the Prudential Sourcebook (Insurers) and in this definition “the Prudential Sourcebook (Insurers)” means the Interim Prudential Sourcebook for Insurers made by the Financial Services Authority under the Financial Services and Markets Act 2000”.
(4) In the definition of “insurance company” for “an insurance” to “1982” substitute “an undertaking carrying on the business of effecting or carrying out contracts of insurance and, for the purposes of this definition, “contract of insurance” has the meaning given by Article 3(1) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001”.
(5) In the definition of “warrant” for the words from “paragraphs” to “1986” substitute “paragraph 14 of Schedule 2 to the Financial Services and Markets Act 2000”.
(6) The amendment made by paragraph (3) above has effect in relation to periods of account ending on or after 1st December 2001.
185. In regulation 4(4)(c) (definition of personal portfolio bond (applying to all policies or contracts whenever issued or made)) for “75(8) of the Financial Services Act 1986” substitute “236 of the Financial Services and Markets Act 2000”.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: