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The Insurance Companies (Reserves) Regulations 1996
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- UK Statutory Instruments
- 1996 No. 946
- PART IV
- Regulation 13
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Consequential amendment
13. For paragraph 50(1) of Schedule 9A to each of the Companies Act 1985 and the Companies (Northern Ireland) Order 1986 (form and content of accounts of insurance companies and groups) substitute—
“Equalisation reserves
50. The amount of any reserve maintained under section 34A of the Insurance Companies Act 1982 shall be determined in accordance with regulations made under that section.”
(1)
Paragraph 50 was substituted by the Insurance Companies (Reserves) Act 1995, section 3(3).
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