(1) In the case of a company carrying on long-term business in whose case no stop order has been made, regulation 12 of the general regulations (liquidator carrying on business) applies only in relation to the company's other business.

(2) The liquidator of such a company shall supply the Secretary of State, at such times or intervals as he may specify, with such accounts as he may specify and audited in such manner as he may require and with such information about specified matters and verified in such specified manner as he may require.

(3) The liquidator of such a company shall, if required to do so by the Secretary of State, instruct at actuary to investigate the financial condition of the company's long-term business and to report thereon in such manner as the Secretary of State may specify.