UK Statutory Instrument
1995
United Kingdom
The Insurance Companies (Amendment) Regulations 1995
At a glance
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 18 other Schedules — structural / supplementary
Cash.
Units, by whatever name called, in a real or notional...
An approved index.
Unless the context otherwise requires, words or expressions contained in...
For the purposes of this Schedule, “approved index” means either—...
(1) For the purposes of this Schedule, “permitted derivative contract”...
Benefits payable under any contract to which regulation 43 applies...
Securities, other than those to which regulation 51(2)(a) above applies,...
Land (including any interest in land) in an EEA State,...
Loans— (a) which are fully secured by mortgage or charge...
Units or other beneficial interests in— (a) a scheme falling...
Approved securities.
Loans to or deposits with an approved credit institution, an...
Income due, or to become due, in respect of property...
Permitted derivative contracts.
All computer equipment 5%
All office machinery (other than computer equipment) taken together with...
Browse 42 other sections — procedural / definitional / commencement
sch. 2 para. 11
sch. 2 para. 14
sch. 2 para. 7
sch. 2 para. 9
Citation and Commencement
Unless the context requires otherwise, words and expressions contained in...
Interpretation: Part VIII
For the purposes of this Schedule— “business amount” means— for...
For paragraph (3) of regulation 44, substitute—
The permitted asset exposure limit for assets of any of...
Application: Part VIII
The permitted counterparty exposure limit is— (a) where the counterparty...
Assets sold to or purchased from an approved credit institution or an approved investment firm subject to an agreement for resale or repurchase
Calculation of exposure to assets
Debts and other rights
Adjustments in respect of futures contracts
Securities and beneficial interests in limited partnerships (substitution for regulation concerning unlisted securities)
For the purposes of paragraph 6 above, the company shall...
Beneficial interests in collective investment schemes (substitution for regulation concerning unit trusts)
Adjustments in respect of options
Deferred acquisition costs (substitution for regulation concerning listed investments)
For the purposes of paragraph 8 above, the company shall...
Derivative contracts
Adjustments in respect of an undiversified contract for differences or a contract or asset having the effect of a derivative contract
Contracts and assets having the effect of derivative contracts (substitution for regulation concerning other assets)
For the purposes of paragraph 10 above, the company shall...
Assets to be taken into account only to a specified extent
Excess asset exposure
Interpretation: Part IX
Calculation of exposure to a counterparty
Long term and general business
Where an insurance company has rights in respect of an...
Provision for adverse changes
If the insurance company has liabilities to the counterparty which...
General Business Liabilities
Excess counterparty exposure
Long term liabilities
Excess concentration with a number of counterparties
Rates of interest
Schedule 10
Schedule 12
Transitional provisions
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