The Insurance Companies (Overseas Life Assurance Business) (Compliance) (Amendment) Regulations 1997
These Regulations amend the Insurance Companies (Overseas Life Assurance Business) (Compliance) Regulations 1995 (S.I. 1995/3237) so as to provide that those Regulations do not apply to any business of a friendly society where the profits arising are exempt from income tax and corporation tax under section 460(1) of the Income and Corporation Taxes Act 1988.