PART 5Revocation and consequential provision

Revocation30

The Insurance Accounts Directive (Lloyd’s Syndicate and Aggregate Accounts) Regulations 20048 are revoked, but continue to apply to financial years beginning on or before 1 January 2008.

Consequential amendment31

1

In section 1210 of the 2006 Act (meaning of “statutory auditor” etc.), for subsection (1)(e) substitute—

e

a person appointed as auditor for the purposes of regulation 5 of the Insurance Accounts Directive (Lloyd’s Syndicate and Aggregate Accounts) Regulations 2008 or appointed to report on the “aggregate accounts” within the meaning of those Regulations,

2

In relation to financial years beginning on or before 1st January 2008, subsection (1)(e) of that section is to continue to have effect without the substitution made by paragraph (1).