
1 
These Regulations may be cited as the Insurance Companies (Pension Business) (Transitional Provisions) (Amendment) Regulations 1995 and shall come into force on 31st December 1995.
2 
In regulation 4 of the Insurance Companies (Pensions Business) (Transitional Provisions) Regulations 1992 for paragraph (4) there shall be substituted the following paragraphs—“
(4) The prescribed percentage is 10 per cent. for an accounting period ending after 31st December 1994 and before 1st January 1996.
(5) Subject to paragraphs (2) to (4) above, the prescribed percentage is 7.5 per cent.”.
S C T Matheson
C W Corlett
Two of the Commissioners of Inland Revenue
5th December 1995