The Finance Act 1998 (c. 36)
Company tax returns: insurance companies and friendly societies with non-annual actuarial investigations
103.—(1) Amend Schedule 18 to the Finance Act 1998 (company tax returns, assessments and related matters) as follows.
(2) In paragraph 13(2)(c) and (3) for “long term” substitute “long-term”.
(3) In paragraph 86—
(a)in sub-paragraph (1) for “an order under section 68 of the Insurance Companies Act 1982” substitute “a direction under section 148 of the Financial Services and Markets Act 2000”.
(b)in sub-paragraph (3) for “18 of the Insurance Companies Act 1982” substitute “9.4 of the Prudential Sourcebook (Insurers)”;
(c)after sub-paragraph (3) add—
“(4) In sub-paragraph (1) “the Prudential Sourcebook (Insurers)” means the Interim Prudential Sourcebook for Insurers made by the Financial Services Authority under the Financial Services and Markets Act 2000.”.
(4) In paragraph 87—
(a)in sub-paragraphs (1) and (3) for “47 of the Friendly Societies Act 1992” substitute “5.2 of the Prudential Sourcebook (Friendly Societies)”;
(b)after sub-paragraph (3) add—
“(4) In this paragraph “the Prudential Sourcebook (Friendly Societies)” means the Interim Prudential Sourcebook for Friendly Societies made by the Financial Services Authority under the Financial Services and Markets Act 2000(1).”.
(5) The amendments made by paragraphs (3)(b) and (c) and (4) above have effect in relation to periods of account ending on or after 1st December 2001.
This sourcebook is part of the FSA Handbook. The FSA Handbook may be purchased on paper and on CD Rom from the Publications Department (Sales), Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS and is available on line at www.fsa.gov.uk.