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15. In section 48 (annual returns)(1)—
(a)in subsection (1), for paragraphs (a) and (b) substitute “the documents mentioned in subsection (1B)”;
(b)subsection (1A) does not apply;
(c)in subsection (2) (a), for “the revenue account or accounts of the society prepared in accordance with section 37(2)” substitute “the profit and loss account required to be prepared by section 396 of the Companies Act 2006 as applied by regulation 3 of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008”; and
(d)for subsection (2)(b) substitute—
“(b)shall not contain any other accounts.”;
(e)subsection (6A) does not apply.
Section 48 was amended by S.I. 1997/2984 (N.I. 22), Schedule 2, paragraph 11.
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