reg 10
(1) In the profit and loss account format set out below— (a) the heading “Technical account — General business” is for business which consists of effecting or carrying out contracts of general business; and (b) the heading “Technical account — Long-term business” is for business which consists of effecting or carrying out contracts of long-term insurance. (2) In sub-paragraph (1), references to— (a) contracts of general or long-term insurance, and (b) the effecting or carrying out of such contracts, must be read with section 22 of the Financial Services and Markets Act 2000, the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, and Schedule 2 to that Act.