The revenue account required to be prepared by every undertaking pursuant to Article 13 shall comply with the requirements of Schedule 2 and shall be in Form 1 completed (as may be appropriate) as specified in the instructions to that Form so, however, that -
(i) every such undertaking shall prepare a separate account in Form 1 in respect of each life assurance business fund maintained by it, and
(ii) where there is more than one fund for life assurance business or for industrial assurance business, the undertaking shall also prepare a summary form for life assurance business or for industrial assurance business as the case may require.