The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2004

• Citation: S.I. 2004/3274
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) (Amendment) Regulations 2004 and shall come into force —

(a) for the purposes of this regulation, regulation 2 and paragraphs (1) and (6) of regulation 3 shall come into force on 31st December 2004; and

(b) for all other purposes on 6th April 2006.

Section 2 Amendment of the Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000

The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000 are amended as follows.

Section 3 Amendment of regulation 7

(1) Regulation 7(b) is amended as follows.

(2) In the words preceding sub-paragraph (i) omit “where the Board”.

(3) At the beginning of sub-paragraph (i) insert “where the Board”.

(4) At the end of sub-paragraph (i) omit “or”.

(5) At the beginning of sub-paragraph (ii) insert “where the Board”

(6) In sub-paragraph (ii) after “section 596(2)(b)” insert—

of the Income and Corporation Taxes Act or section 390 of the Income Tax (Earnings and Pensions) Act 2003

(7) After sub-paragraph (ii) add—

; or

(iii) which is for the time being a qualifying overseas pension scheme within the meaning of paragraph 5 of Schedule 33 to the Finance Act 2004.