149(1)Amend section 444AECB (parts of transfer scheme arrangements: Case I advantage transferor) as follows.U.K.
(2)In subsection (1)—
(a)for “Case I advantage” substitute “ life assurance trade profits advantage ”, and
(b)in paragraphs (a) and (b) for “Case I” substitute “ section 35 ”.
(3)In subsection (2)—
(a)for “Case I profits” substitute “ section 35 profits ”,
(b)for “Case I losses” substitute “ section 35 losses ”, and
(c)for “Case I advantage” substitute “ life assurance trade profits advantage ”.
(4)In subsection (3)—
(a)for “a Case I advantage” substitute “ a life assurance trade profits advantage ”,
(b)for “the Case I advantage” substitute “ the advantage ”, and
(c)in paragraphs (a) and (b) for “Case I” substitute “ section 35 ”.
(5)In subsection (5)—
(a)for “a Case I advantage” substitute “ a life assurance trade profits advantage ”, and
(b)for “the Case I advantage” substitute “ the advantage ”.
(6)In subsection (6) for “Case I”, in both places where it occurs, substitute “ section 35 ”.
(7)In the title for “Case I” substitute “ life assurance trade profits ”.