3.—(1) Paragraph (1) of regulation 2 is amended as follows.
(2) In the definition of “the Board” for “Commissioners of Inland Revenue” substitute “Commissioners for Her Majesty’s Revenue and Customs”.
(3) Omit the definition of “branch”.
(4) In the definition of “EEA firm”(1) after “paragraph 5(d)” insert “or (da)(2)”.
(5) In the definition of “equalisation reserve rules”(3) for “Chapter 7.5 of the Integrated Prudential Sourcebook” substitute “Chapter 1.4 of INSPRU”.
(6) Omit the definition of “paragraph 52 method of accounting on a non-annual basis”.
(7) Omit the definition of “the Prudential Sourcebook (Insurers)(4)”.
(8) Insert the following definitions in the appropriate places—
““INSPRU” means the Prudential Sourcebook for Insurers made by the Financial Services Authority under the Financial Services and Markets Act 2000”(5),
““paragraph 58 method of accounting on a non-annual basis” means the method of accounting on a non-annual basis described in paragraph 58 of Schedule 3 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008(6);”.
The definition of “EEA firm” was substituted for the definition of “EC company” by article 147 of S.I. 2001/3629.
Paragraph 5(da) of Schedule 3 to the Financial Services and Markets Act 2000 (c. 8) was inserted by paragraph 6(c) of the Schedule to S.I. 2007/3253.
The definition of “equalisation reserve rules” was inserted by article 147 of S.I. 2001/3629 and substituted by regulation 2 of S.I. 2004/3260.
The definition of “the Prudential Sourcebook (Insurers)” was inserted by article 147 of S.I. 2001/3629.