71(1)Section 545 (investment assets) is amended as follows.U.K.
(2)In subsection (3), in the second sentence, for “sections 432ZA to 432E, or section 438B,” substitute “ section 432A ”.
(3)In subsection (5)—
(a)for the words from “under—” to “no allowance” substitute “ under section 436A of ICTA (gross roll-up business), no allowance ”, and
(b)for “the category of life assurance business in question” substitute “ gross roll-up business ”.