The Insurance Companies (Reserves) (Tax) (Amendment) Regulations 2004

• Citation: S.I. 2004/3260
• Sections: 2

Section 1 Citation, commencement and effect

These Regulations may be cited as the Insurance Companies (Reserves) (Tax) (Amendment) Regulations 2004 and shall come into force on 31st December 2004 and shall have effect in respect of accounting periods of insurance companies ending on or after that day.

Section 2 Amendment of the Insurance Companies (Reserves)(Tax) Regulations 1996

(1) The Insurance Companies (Reserves) (Tax) Regulations 1996 shall be amended as follows.

(2) In regulation 2(1) for the definition of “equalisation reserve rules” substitute—

“equalisation reserve rules” means the rules in Chapter 7.5 of the Integrated Prudential Sourcebook made by the Financial Services Authority under the Financial Services and Markets Act 2000;