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1 |
2 |
3 |
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Descriptions of Assets
Note the overriding restriction in Part 3 |
Maximum % of life assurance business amount which an individual asset in column 1 must not exceed |
Maximum % of life assurance business amount which the aggregate of assets in column 1 must not exceed |
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1. |
A piece of land (not being land held as a security for a debt) or a number of pieces of such land to which in the most recent proper valuation of such pieces of land, an aggregate value is ascribe which is greater than the aggregate of the value of each of such pieces of land valued separately. |
5% |
30% |
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2. |
A debt (other than a listed debenture) due or to become due to the undertaking from any person (not being an individual nor a dependant of the undertaking) which is fully secured on land or a number of such debts all of which are secured on the same land. |
5% |
10% |
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3. |
Debts (other than listed debentures, debts to which Article 41(2), (3) or (4) applies, and debts |
Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
Schedule 7, Part 1
Revoked from 1 January 2016