The Companies Act 1985 (Insurance Companies Accounts) Regulations 1993

8.  In Schedule 11 to the 1985 Act(1) (modifications of Part VIII where company’s accounts prepared in accordance with special provisions for banking or insurance companies), for paragraphs 7 to 13(2) there shall be substituted the following paragraphs—

“Modifications where accounts prepared in accordance with special provisions for insurance companies

7.   Section 264(2) shall apply as if the reference to paragraph 89 of Schedule 4 were a reference to paragraph 84(c) of Part I of Schedule 9A.

8.   Section 269 shall apply as if the reference to paragraph 20 of Schedule 4 in subsection (2)(b) were a reference to paragraph 35 of Part I of Schedule 9A.

9.   Sections 270(2) and 275 shall apply as if the references to paragraphs 88 and 89 of Schedule 4 were references to paragraph 84 of Part I of Schedule 9A.

10.   Sections 272 and 273 shall apply as if the references in section 272(3) to section 226 and Schedule 4 were references to section 255 and Part I of Schedule 9A.

11.   Section 276 shall apply as if the references to paragraphs 12(a) and 34(3)(a) of Schedule 4(3) were references to paragraphs 16(a) and 29(3)(a) of Part I of Schedule 9A.”

(1)

Schedule 11 has been amended by section 23 of, and paragraph 21 of Schedule 10 to, the Companies Act 1989, and by regulation 7 of, and Schedule 3 to, the Bank Accounts Regulations.

(2)

Paragraphs 1 to 7 of Schedule 11 were numbered 7 to 13 and amended by regulation 7 of, and paragraph 1(3) of Schedule 3 to, the Bank Accounts Regulations.

(3)

The references to paragraphs 12(a) and 34(3)(a) were inserted by section 23 of, and paragraph 7 of Schedule 10 to, the Companies Act 1989.