63.—(1) Section 129 of the 1986 Act (application of investment business provisions to regulated insurance companies) shall have effect as if the reference to regulated insurance companies included a reference to EC companies.
(2) In paragraph 2 of Schedule 10 to that Act (regulated insurance companies) shall have effect as if—
(a)in sub-paragraph (2), the reference to an insurance company to which Part II of the 1982 Act applies included a reference to an EC company; and
(b)in sub-paragraph (3A)(1), the references to section 81B of that Act were references to paragraph 18 of Schedule 2F to that Act.
Sub-paragraph (3A) was inserted by S.I. 1993/174, reg 7.