PART 2 U.K.Application and computation of UK tax charges

[F1 Modification of paragraph 15 of Schedule 29A U.K.

4C.   Paragraph 15 of Schedule 29A applies to the transfer member of a relevant non-UK scheme as if “insurance company” included any person—

(a) resident in a country or territory outside the European Economic Area,

(b) whose business consists of, or includes, the effecting or carrying out of contracts of long-term insurance (within the meaning in Part 2 of Schedule 1 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001), and

(c) who is regulated in the conduct of that business by—

(i) the government of that country or territory, or

(ii) a body established under the law of that country or territory for the purpose of regulating such business.]

Textual Amendments

F1 Regs. 4A-4D inserted (retrospective to 6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes)(Amendment) Regulations 2006 (S.I. 2006/1960), regs. 1(2), 9