The Insurance Companies (Amendment) Regulations 1988
These Regulations amend the references in the Insurance Companies Regulations 1981 to unit trust schemes authorised under the Prevention of Fraud (Investments) Act 1958 (c. 45) and the Prevention of Fraud (Investments) Act (Northern Ireland) 1940 (c. 9 (N.I.)) and to a recognised stock exchange within the meaning of the companies legislation. These amendments are made in consequence of the repeal by the Financial Services Act 1986 of the 1958 and 1940 Acts and of the definition of a recognised stock exchange in the companies legislation and of the replacement of the repealed provisions by new provisions in the 1986 Act. The Insurance Companies Regulations 1981 as amended by these Regulations now refer to the equivalent new provisions in the 1986 Act.