Sch 6 para 40 Modifications of Schedule 3 to these Regulations for purposes of paragraph 31
(1) For the purposes of paragraph 31 of this Schedule, Schedule 3 to these Regulations is to be modified as follows. (2) The information required by paragraph 11 (additional items) need not be given. (3) In the case of general business, investment income, expenses and charges may be disclosed in the non-technical account rather than in the technical account. (4) In the case of subsidiary undertakings which are not authorised to carry on long-term business in the United Kingdom, notes (8) and (9) to the profit and loss account format have effect as if references to investment income, expenses and charges arising in the long-term fund or to investments attributed to the long-term fund were references to investment income, expenses and charges or (as the case may be) investments relating to long-term business. (5) In the case of subsidiary undertakings which do not have a head office in the United Kingdom, the computation required by paragraph 52 must be made annually by an actuary or other specialist in the field on the basis of recognised actuarial methods. (6) The information required by paragraphs 85 to 88 need not be shown.