Financial Services and Markets Act 2000

4 (1) The Income and Corporation Taxes Act 1988 is amended as follows.

(2) In section 76 (expenses of management: insurance companies), in subsection (8), omit the definitions of—

• “the 1986 Act”;

• “authorised person”;

• “investment business”;

• “investor”;

• “investor protection scheme”;

• “prescribed”; and

• “recognised self-regulating organisation”.

(3) In section 468 (authorised unit trusts), in subsections (6) and (8), for “78 of the Financial Services Act 1986” substitute “ 243 of the Financial Services and Markets Act 2000”.

(4) In section 469(7) (other unit trust schemes), for “Financial Services Act 1986” substitute “Financial Services and Markets Act 2000”.

(5) In section 728 (information in relation to transfers of securities), in subsection (7)(a), for “Financial Services Act 1986” substitute “Financial Services and Markets Act 2000”.

(6) In section 841(3) (power to apply certain provisions of the Tax Acts to recognised investment exchange), for “Financial Services Act 1986” substitute “Financial Services and Markets Act 2000”.