1.—(1) These Regulations may be cited as the Overseas Life Insurance Companies (Amendment) Regulations 2008 and shall come into force on 12th August 2008.
(2) Regulations 3, 4 and 7 to 17 have effect in relation to periods of account beginning on or after 1st January 2008 which end on or after the day on which these Regulations come into force.
(3) But regulations 7, 9, 10 and 12 have effect only in relation to transfers of business taking place on or after 1st July 2008.