(This note is not Part of the Instrument and does not purport to be a legal interpretation).

These Regulations, which give Partial effect to the provisions of section 891B of the Taxes Consolidation Act 1997 (inserted by section 125 of the Finance Act 2006), are made by the Revenue Commissioners, with the consent of the Minister for Finance, and provide for the automatic annual reporting by assurance companies of any payments made by them in the year 2011 and subsequent years in respect of investment policies.

The details to be reported include the name, address, date of birth (if an individual) and amount of the payment. For new investments made on or after 1 January 2013 the details to be reported will also include the tax reference number or, in the absence of the number, a special marker indicating that this was not provided.