The Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) (Amendment) Order 1990
This Order, which comes into force on 4th January 1991, amends the Life Assurance (Apportionment of Receipts of Participating Funds) (Applicable Percentage) Order 1990 (“the principal Order”) by substituting a new article 5 for that contained in the principal Order. The new article 5 contains a revised formula for determining the net investment yield of a relevant business for the purposes of article 3 of the principal Order.