SCHEDULE 5MINOR AND CONSEQUENTIAL AMENDMENTS
Insurance Companies Act
7
After subsection (3) of section 96 of the Insurance Companies Act (general interpretation) there shall be inserted the following subsection—
2B
Any reference in this Act—
a
to an undertaking being closely linked with any person, or being closely linked with any person by control; or
b
to an undertaking’s close links with any person,
shall be construed in accordance with regulation 2 of the Financial Institutions (Prudential Supervision) Regulations 1996).