SCHEDULES

SCHEDULE 16Part 2: minor and consequential amendments

PART 3Amendments of other Acts

Corporation Tax Act 2009

169

1

Section 635 (creditor relationships of insurance companies: embedded derivatives which are options) is amended as follows.

2

In subsection (1)(a), for “life assurance business” substitute “ basic life assurance and general annuity business ”.

3

In subsection (2), for “This Part” substitute “ For the purpose of applying the I - E rules, this Part ”.