725(1)Amend Schedule 7 (insurance business: gross roll-up business etc) as follows.U.K.
(2)In paragraph 85—
(a)in sub-paragraph (1) omit “(a “Case VI loss”)” and “(a “Case I loss”)”, and
(b)in sub-paragraph (2)—
(i)for “Case VI losses” substitute “ losses so treated ”, and
(ii)for “Case I losses” substitute “ losses of the transferee ”.
(3)For the italic cross-heading before paragraph 85 substitute “ Losses transferred under section 444AZA ”.
(4)In paragraph 86(4) and (5) for “Case VI” substitute “ gross roll-up business ”.
(5)For the italic cross-heading before paragraph 86 substitute “ Losses transferred under section 444AZB ”.