Taxation of Chargeable Gains Act 199210 has effect as follows.

Section 171 (transfers within a group: general provisions)11 shall not apply if “company B” in subsection (1) of that section is an insurance securitisation company.

Section 179A (reallocation within group of gain or loss accruing under section 179)12 shall not apply if “company C” in that section is an insurance securitisation company.