(1) In the case of a company carrying on long-term business in whose case no stop order has been made, regulation 10 of the general regulations (financial records) applies only in relation to the company's other business.

(2) The liquidator of such company shall, with a view to the long-term business of the company being transferred to another insurer, maintain such accounting, valuation and other records as will enable such other insurer upon the transfer being effected to comply with the requirements of any rules made by the Authority under Part 9A of the 2000 Act relating to accounts and statements of insurers.