2006 No. 3273

CORPORATION TAX

The Lloyd’s Sourcebook (Finance Act 1993 and Finance Act 1994) (Amendment) Order 2006

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the powers conferred by section 417(1)1 and 426(1) of the Financial Services and Markets Act 2000 2, make the following Order:

Citation, commencement and effect1

This Order may be cited as the Lloyd’s Sourcebook (Finance Act 1993 and Finance Act 1994) (Amendment) Order 2006 and comes into force on 31st December 2006.

Amendment of the Finance Act 19932

In section 184(1) of the Finance Act 19933 for “section 17.7 of the Lloyd’s Sourcebook” substitute “Rule 8.2.19 of the Insurance Prudential Sourcebook”.

Amendment of the Finance Act 19943

In section 230 of the Finance Act 19944 for “section 17.7 of the Lloyd’s Sourcebook” substitute “Rule 8.2.19 of the Insurance Prudential Sourcebook”.

Revocation of the Lloyd’s Sourcebook (Amendment of the Finance Act 1993 and the Finance Act 1994) Order 20054

The Lloyd’s Sourcebook (Amendment of the Finance Act 1993 and the Finance Act 1994) Order 20055 is revoked.

Dave WattsFrank RoyTwo of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

This Order substitutes references in the Finance Act 1993 and the Finance Act 1994 to the Lloyd’s Sourcebook with references to the Insurance Prudential Sourcebook in consequence of the application of the latter Sourcebook to the operation of the market at Lloyd’s.

The Order does not impose new costs on business.