3. In regulation 5(1)—
(a)in paragraph (17)(a)(i) and (ii) for “long term business” substitute “general business”; and
(b)in paragraph (17)(a)(ii), for “, or providing long term insurance” substitute “or providing insurance of an appropriate class within general business”.
A new regulation 5 was substituted by regulation 3 of S.I. 1999/3438.