SCHEDULES
SCHEDULE 17Insurance companies etc
Foreign currency assets
11
1
In section 431(2) of ICTA (interpretative provisions about insurance companies), in the definition of “foreign currency assets”, for “three months” substitute “
one year
”
.
2
The amendment made by sub-paragraph (1) has effect in relation to periods of account beginning on or after 1 January 2007 but before 1 January 2008.