Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 8 December 1994 - onwards
  Version 2 of 2    

Schedule 1, Part 2 Further provisions and modifications of the regulations applicable with respect to the determination of the value of dependants

Annex III.

3.

(1) This paragraph applies where, for the purpose of ascertaining the value of the assets of the subject company under section 4 of this Annex, any determination falls to be made in accordance with the said Section 4 of the value of the assets of a dependant of the insurance undertaking, a share in which, or a debt due or to become due from which, is an asset of the subject company; any references herein to a determination of the value of assets of a dependant to which this paragraph applies are references to any such determination.

(2) Section 4 (4) of Annex III to these Regulations shall not apply with respect to determination of the value of assets of a dependant to which this paragraph applies.

(3) Where, in the case of a determination of the value of assets of a dependant to which this paragraph applies:

(a) the dependant is an insurance undertaking and has assets of a relevant description which are not non-life insurance business assets or is not an insurance undert

Comparing proposed amendment...