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The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008

The Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008 Sch 2 para 15

Sch 2 para 15

In section 48 (annual returns) — (a) for subsection (1A), substitute— (1A) “Relevant auditor’s report” means— (a) the auditor’s report required to be prepared by sections 495 and 496 of the Companies Act 2006 as applied by regulation 7 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008, and (b) any auditor’s report on a balance sheet made during the year; (c) in subsection (2) (a), for “the revenue account or accounts of the society prepared in accordance with section 37(2)” substitute “the profit and loss account required to be prepared by section 396 of the Companies Act 2006 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008”; and (d) for subsection (2)(b) substitute— (b) shall not contain any other accounts. (e) subsection (6A) does not apply.

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