The Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) (Amendment) Order 1998
This Order amends article 3(a) of the Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) Order 1990 by omitting the words “with high coupons”. The amendment, which takes effect from 31st December 1998, reflects a recent change in the publication of gross redemption yields for 15-year British Government Stocks, whereby a distinction is no longer made, in publishing such yields, between those Stocks with high coupons and those Stocks with other forms of coupon.