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This Order, which comes into force on 4th January 1991, amends the Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) Order 1990 (“the principal Order”) by substituting a new article 5 for that contained in the principal Order. The new article 5 contains a revised formula for determining the net investment yield of a relevant business for the purposes of article 3 of the principal Order.
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