13(1)Schedule 15 (qualifying policies) is amended as follows.U.K.
(2)In paragraph 3—
(a)in sub-paragraphs (1) and (4)(c), for “tax exempt life or endowment business” substitute “ exempt BLAGAB or eligible PHI business ”,
(b)in sub-paragraph (8)(b)(i), for “a new society” substitute “ a society other than an old society ”, and
(c)in sub-paragraph (8)(b)(ii), for “a society other than a new society” substitute “ an old society ”.
(3)In paragraph 4(3)(b)(ii), for “a new society” substitute “ a society other than an old society ”.
(4)Omit paragraph 5.
(5)In paragraph 6—
(a)in sub-paragraph (1)—
(i)omit “(as defined in section 466)” in both places, and
(ii)for “tax exempt life or endowment business” substitute “ exempt BLAGAB or eligible PHI business ”, and
(b)in sub-paragraph (2), for “section 464” substitute “ section 160 of the Finance Act 2012 ”.
(6)After paragraph 6 insert—
“6AAny expression—
(a)which is used in any provision made by any of paragraphs 3 to 6, and
(b)which is used in Part 3 of the Finance Act 2012,
has the same meaning in that provision as it has in that Part.”