Schedule 2: Transitionals and savings etc. Overview Paragraph 104: Certain pre-23rd February 1984 policies not foreign capital redemption policies
3607.This paragraph is based on section 553(10) of ICTA. That section defines a “new offshore capital redemption policy” (the equivalent term in the source legislation for a “foreign capital redemption policy”). This paragraph reflects the commencement provisions for that source legislation. See also the commentary for paragraph 113 (certain pre-23rd March 1999 policies not foreign capital redemption policies).