Schedule 4 to the 1996 Regulations: abstract of valuation report prepared by the appointed actuary

16.—(1) At the end of sub-paragraph (1)(c) of paragraph 21 of Schedule 4 to the 1996 Regulations, delete the full stop and insert

“; and

(d) the liabilities in respect of any amounts deposited with the company under a deposit back arrangement as defined in paragraph 12 (4)(a) of this Schedule which are either unit liabilities in respect of property linked benefits or investment liabilities in respect of index linked benefits.”.