Citation, commencement and effect1

1

These Regulations may be cited as the Lloyd’s Underwriters (Special Reserve Funds) Regulations 1999.

2

These Regulations shall come into force on 31st December 1999, but except for regulation 3 shall have effect—

a

for the year 2000–01 and subsequent years of assessment, and

b

in relation to payments and transfers of assets made on or after 1st January 2000.