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2. In section 254(3) of the 1985 Act(1) (exemption from requirements to deliver accounts and reports), after the word “banking”, in both places where it occurs, there shall be inserted the words “or insurance”.
Section 254(3) was inserted into the 1985 Act by section 17 of the Companies Act 1989, and was amended by paragraph 1 of Schedule 2 to the Bank Accounts Regulations and by regulation 10 of the Partnerships and Unlimited Companies (Accounts) Regulations 1993 (S.I.1993/1820).
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