Amendments to the principal Regulations

7.  In regulation 21B(1)—

(a) in paragraph (1)(a) at the end add “other than section 37(3) societies”; and

(b) in paragraph (2), in the subsection (7) treated as added to section 438B of the Taxes Act, for “business fund” substitute “insurance fund”.

(1)

Regulation 21B was inserted by regulation 6 of S.I. 2001/3975; section 438B was inserted by paragraph 5 of Schedule 25 to the Finance Act 2001 (c. 9).