xmlns:atom="http://www.w3.org/2005/Atom"

Regulation 15

SCHEDULEANALYSIS OF DERIVATIVE CONTRACTS

Instructions for Completion of Form 13A

1  Form 13A shall be completed in respect of the total assets (other than any long-term business assets), and for the total long-term business assets, if any, of the company or branch. Form 13A shall also be completed for each fund or group of funds and each category of assets referred to in Instructions 1 and 3 to Form 13.

2  The codes specified in Instructions 1 to 3 to Form 13 shall be used as appropriate.

3  Derivative contracts used in connection with property linked long term contracts shall be excluded from Form 13A. All other derivative contracts shall be included, except for those which are assets of the company but to which regulation 55 of the Insurance Companies Regulations 1994 does not apply.

4  The derivative contracts shall be analysed according to the type of assets shown in the second column of this form that represents the principal subject of the contract.

5  All amounts in respect of assets and liabilities under derivative contracts (whether with one or more counterparties) shall be shown gross unless there is a legal right of set-off.

6  The asset value of derivative contracts shown in lines 11 to 35 of this form shall be determined in accordance with regulation 55 of the Insurance Companies Regulations 1994, but excluding any deduction for margins made in accordance with paragraph (2) of that regulation.

7  The amount of any liability under a derivative contract shall be determined in accordance with regulation 60(1) of the Insurance Companies Regulations 1994, but excluding any deduction for any margins as shall have been paid or transferred in respect of that contract.

8  The net effect of any margins paid, transferred, or received in respect of contracts included in lines 11 to 35 shall be shown at line 41.

9  The provision for adverse changes in value shown at 13A.42.2 shall be the amount determined in accordance with regulation 61 of the Insurance Companies Regulations 1994.

10  “Futures contracts”, “Options” and “Contracts for Differences” have the same meaning as in Part VIII of the Insurance Companies Regulations 1994.

11  The entry at 13A.51.1 shall be shown at 13.35.1

12  The entry at 13A.51.2 shall be included in 14.47.1 or 15.47.1 as appropriate.

13  Columns 3 and 4 need not be completed where the previous financial year ended prior to 1st July 1994.