(1) The Insurers (Reorganisation and Winding Up) Regulations 2004 [S.I. 2004/353, to which there are amendments not relevant to this Order.] are amended as follows.

(2) In regulation 2(1) (interpretation) -

(a) omit the definition of "the 1985 Act";

(b) after the definition of "the 2000 Act" insert ""the 2006 Act" means the Companies Act 2006;";

(c) omit the definition of "Article 418 compromise or arrangement";

(d) omit the definition of "the Companies Order";

(e) in the definition of "officer", for the words from "section 744" to the end substitute "section 1173(1) of the Companies Act 2006";

(f) for the definition of "section 425 compromise or arrangement" substitute -

"section 899 compromise or arrangement" means a compromise or arrangement sanctioned by the court in relation to a UK insurer under section 899 of the 2006 Act but does not include a compromise or arrangement falling within section 900 (powers of court to facilitate reconstruction or amalgamation) or Part 27 (mergers and divisions of public companies) of that Act;";

(g) omit the definition of "section 425 or Article 418 compromise or arrangement".

(3) In regulation 5 (schemes of arrangement: EEA insurers) -