F1PART 7ZARestrictions on obtaining certain deductions

Exclusion for certain general insurance companies

269ZQPower to amend

(1)

The Treasury may by regulations make such amendments of the provisions mentioned in subsection (2) as they consider appropriate in consequence of—

(a)

any change made to, or replacement of, the PRA Rulebook or the FCA Handbook;

(b)

any regulatory requirement, or change to a regulatory requirement, imposed by EU legislation, or by or under any Act (whenever adopted, enacted or made).

(2)

The provisions are—

(a)

sections 269ZJ to 269ZP,

(b)

sections 124A to F2124C of FA 2012.

(3)

Regulations under this section may include transitional provision.

(4)

In this section—

“the PRA Rulebook” means the Rulebook made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000 (as that Rulebook has effect from time to time);

“the FCA Handbook means the Handbook made by the Financial Conduct Authority under the Financial Services and Markets Act 2000 (as that Handbook has effect from time to time).