The Insurance Companies (Accounts and Statements) (Amendment) Regulations 1988

• Citation: S.I. 1988/672
• Sections: 2

Section 1

(1) These Regulations may be cited as the Insurance Companies (Accounts and Statements) (Amendment) Regulations 1988 and shall come into operation on the date when section 3 of the Financial Services Act 1986 comes into operation.

(2) The Insurance Companies (Accounts and Statements) Regulations 1983 (“the principal Regulations”) shall have effect subject to the amendment set out in regulation 2 below.

Section 2

In regulation 3(1) of the principal Regulations in the definition of “authorised unit trust scheme” there shall be substituted for the words “means a scheme authorised under the Prevention of Fraud (Investments) Act 1958 or the Prevention of Fraud (Investments) Act (Northern Ireland) 1940” the words “has the meaning given to it by the Financial Services Act 1986”.