Companies (1986 Order) (Insurance Companies Accounts) Regulations (Northern Ireland) 1994

Where a company is a parent company or a subsidiary undertaking and any item required by this Part to be shown in the company’s balance sheet in relation to group undertakings includes—

• (a) amounts attributable to dealings with or interests in any parent undertaking or fellow subsidiary undertaking, or

• (b) amounts attributable to dealings with or interests in any subsidiary undertaking of the company,

the aggregate amounts within paragraphs (a) and (b) respectively shall be shown as separate items, either by way of subdivision of the relevant item in the balance sheet or in a note to the company’s accounts.

Miscellaneous matters

72

• (1) Particulars shall be given of any case where the cost of any asset is for the first time determined under paragraph 41.

• (2) Where any outstanding loans made under the authority of Article 163(4)(b), (bb) or c) or Article 165 (various cases of financial assistance by a company for purchase of its own shares) are included under any item shown in the company’s balance sheet, the aggregate amount of those loans shall be disclosed for each item in question.

• (3) The aggregate amount which is recommended for distribution by way of dividend shall be stated.

Separate statement of certain items of income and expenditure

73

• (1) Subject to the following provisions of this paragraph, each of the amounts mentioned below shall be stated.

• (2) The amount of the interest on or any similar charges in respect of—

• (a) bank loans and overdrafts, and loans made to the company (other than bank loans and overdrafts) which—

• (i) are repayable otherwise than by instalments and fall due for repayment before the end of the period of five years beginning with the day next following the end of the financial year; or

• (ii) are repayable by instalments the last of which falls due for payment before the end of that period; and

• (b) loans of any other kind made to the company.

This sub-paragraph does not apply to interest or charges on loans to the company from group undertakings, but, with that exception, it applies to interest or charges on all loans, whether made on the security of debentures or not.

• (3) The amount respectively set aside for redemption of share capital and for redemption of loans.

• (4) The amount of income from listed investments.

• (5) The amount charged to revenue in respect of sums payable in respect of the hire of plant and machinery.

Particulars of tax

74

• (1) The basis on which the charge for United Kingdom corporation tax and United Kingdom income tax is computed shall be stated.

• (2) Particulars shall be given of any special circumstances which affect liability in respect of taxation of profits, income or capital gains for the financial year or liability in respect of taxation of profits, income or capital gains for succeeding financial years.

• (3) The following amounts shall be stated—

• (a) the amount of the charge for United Kingdom corporation tax;

• (b) if that amount would have been greater but for relief from double taxation, the amount which it would have been but for such relief;

• (c) the amount of the charge for United Kingdom income tax; and

• (d) the amount of the charge for taxation imposed outside the United Kingdom of profits, income and (so far as charged to revenue) capital gains.

• Those amounts shall be stated separately in respect of each of the amounts which is shown under the following items in the profit and loss account, that is to say item III.9 (tax on profit or loss on ordinary activities) and item III. 14 (tax on extraordinary profit or loss).

Particulars of business

75

• (1) As regards general business a company shall disclose—

• (a) gross premiums written,

• (b) gross premiums earned,

• (c) gross claims incurred,

• (d) gross operating expenses, and

• (e) the reinsurance balance.

• (2) The amounts required to be disclosed by sub-paragraph (1) shall be broken down between direct insurance and reinsurance acceptances, if reinsurance acceptances amount to 10 per cent. or more of gross premiums written.

• (3) Subject to sub-paragraph (4), the amounts required to be disclosed by sub-paragraphs (1) and (2) with respect to direct insurance shall be further broken down into the following groups of classes—

• (a) accident and health,

• (b) motor (third party liability),

• (c) motor (other classes),

• (d) marine, aviation and transport,

• (e) fire and other damage to property,

• (f) third-party liability,

• (g) credit and suretyship,

• (h) legal expenses,

• (i) assistance, and

• (j) miscellaneous,

where the amount of the gross premiums written in direct insurance for each such group exceeds 10 million ECUs.

• (4) The company shall in any event disclose the amounts relating to the three largest groups of classes in its business.

76

• (1) As regards long term business, the company shall disclose—

• (a) gross premiums written, and

• (b) the reinsurance balance.

• (2) Subject to sub-paragraph (3) below—

• (a) gross premiums written shall be broken down between those written by way of direct insurance and those written by way of reinsurance; and

• (b) gross premiums written by way of direct insurance shall be broken down—

• (i) between individual premiums and premiums under group contracts;

• (ii) between periodic premiums and single premiums; and

• (iii) between premiums from non-participating contracts, premiums from participating contracts and premiums from contract where the investment risk is borne by policy holders.

• (3) Disclosure of any amount referred to in sub-paragraph (2)(a) or (2)(b)(i), (ii) or (iii) shall not be required if it does not exceed 10 per cent. of the gross premiums written or (as the case may be) of the gross premiums written by way of direct insurance.

77

• (1) Subject to sub-paragraph (2) there shall be disclosed as regards both general and long term business the total gross direct insurance premiums resulting from contracts concluded by the company—

• (a) in the member State of its head office,

• (b) in the other member States, and

• (c) in other countries.

• (2) Disclosure of any amount referred to in sub-paragraph (1) shall not be required if it does not exceed 5 per cent. of total gross premiums.

Commissions

78

There shall be disclosed the total amount of commissions for direct insurance business accounted for in the financial year, including acquisition, renewal, collection and portfolio management commissions.

Particulars of staff

79

• (1) The following information shall be given with respect to the employees of the company—

• (a) the average number of persons employed by the company in the financial year; and

• (b) the average number of persons so employed within each category of persons employed by the company.

• (2) The average number required by sub-paragraph (1)(a) or (b) shall be determined by dividing the relevant annual number by the number of weeks in the financial year.

• (3) The relevant annual number shall be determined by ascertaining for each week in the financialyear—

• (a) for the purposes of sub-paragraph (1)(a), the number of persons employed under contracts of service by the company in that week (whether throughout the week or not); and

• (b) for the purposes of sub-paragraph (1)(b), the number of persons in the category in question of persons so employed;

and, in either case, adding together all the weekly numbers.

• (4) In respect of all persons employed by the company during the financial year who are taken into account in determining the relevant annual number for the purposes of sub-paragraph (1)(a) there shall also be stated the aggregate amounts respectively of—

• (a) wages and salaries paid or payable in respect of that year to those persons;

• (b) social security costs incurred by the company on their behalf; and

• (c) other pension costs so incurred,

save in so far as those amounts or any of them are stated in the profit and loss account.

• (5) The categories of person employed by the company by reference to which the number required to be disclosed by sub-paragraph (1)(b) is to be determined shall be such as the directors may select, having regard to the manner in which the company’s activities are organised.

Miscellaneous matters

80

• (1) Where any amount relating to any preceding financial year is included in any item in the profit and loss account, the effect shall be stated.

• (2) Particulars shall be given of any extraordinary income or charges arising in the financial year.

• (3) The effect shall be stated of any transactions that are exceptional by virtue of size or incidence though they fall within the ordinary activities of the company.

CHAPTER IV — INTERPRETATION OF PART I

General

81

• (1) The following definitions apply for the purposes of this Part and its Interpretation—

• “the 1982 Act” means the Insurance Companies Act 1982;

• “fungible assets” means assets of any description which are substantially indistinguishable one from another;

• “general business” has the same meaning as in the 1982 Act;

• “lease” includes an agreement for a lease;

• “listed investment” means an investment listed on a recognised stock exchange, or on any stock exchange of repute outside Northern Ireland and the expression “unlisted investment” shall be construed accordingly;

• “long lease” means a lease in the case of which the portion of the term for which it was granted remaining unexpired at the end of the financial year is not less than 50 years;

• “long term business” has the same meaning as in the 1982 Act;

• “long term fund” means the fund or funds maintained by a company in respect of its long-term business in accordance with the provisions of the 1982 Act;

• “policy holder” has the same meaning as in the 1982 Act;

• “provision for unexpired risks” means the amount set aside in addition to unearned premiums in respect of risks to be borne by the company after the end of the financial year, in order to provide for all claims and expenses in connection with insurance contracts in force in excess of the related unearned premiums and any premiums receivable on those contracts;

• “short lease” means a lease which is not a long lease.

• (2) In this Part of this schedule the “ECU” means the unit of account of that name defined in Council Regulation (EEC) No. 3180/78 as amended.

• The exchange rates as between the ECU and the currencies of the member States to be applied for each financial year shall be the rates applicable on the last day of the preceding October for which rates for the currencies of all the member States were published in the Official Journal of the communities.

Loans

82

For the purposes of this Part a loan or advance (including a liability comprising a loan or advance) is treated as falling due for repayment, and an instalment of a loan or advance is treated as falling due for payment, on the earliest date on which the lender could require repayment or (as the case may be) payment, if he exercised all options and rights available to him.

Materiality

83

For the purposes of this Part amounts which in the particular context of any provision of this Part are not material may be disregarded for the purposes of that provision.

Provisions

84

For the purposes of this Part and its interpretation—

• (a) references in the Part to provisions for depreciation or diminution in value of assets are to any amount written off by way of providing for depreciation or diminution in value of assets;

• (b) any reference in the profit and loss account format or the notes thereto set out in Section B of this Part to the depreciation of, or amounts written off, assets of any description is to any provision for depreciation or diminution in value of assets of that description; and

• (c) references in this Part to provisions for liabilities or charges (other than provisions referred to in paragraphs 43 to 53) are to any amount retained as reasonably necessary for the purpose of providing for any liability or loss which is either likely to be incurred, or certain to be incurred but uncertain as to amount or as to the date on which it will arise.

Staff costs

85

For the purposes of this Part and its interpretation—

• (a) “social security costs” means any contributions by the company to any state social security or pension scheme, fund or arrangement;

• (b) “pension costs” includes any other contributions by the company for the purposes of any pension scheme established for the purpose of providing pensions for persons employed by the company, any sums set aside for that purpose and any amounts paid by the company in respect of pensions without first being so set aside; and

• (c) any amount stated in respect of either of the above items or in respect of the item “wages and salaries” in the company’s profit and loss account shall be determined by reference to payments made or costs incurred in respect of all persons employed by the company during the financial year who are taken into account in determining the relevant annual number for the purposes of paragraph 79(1)(a).

Part II — CONSOLIDATED ACCOUNTS

Schedule 4A to apply Part I of this Schedule with modifications

1

• (1) In its application to insurance groups, Schedule 4A shall have effect with the following modifications.

• (2) In paragraph 1—

• (a) for the reference in sub-paragraph (1) to the provisions of Schedule 4 there shall be substituted a reference to the provisions of Part I of this Schedule modified as mentioned in paragraph 2;

• (b) for the reference in sub-paragraph (2) to paragraph 59 of Schedule 4 there shall be substituted a reference to paragraphs 70(6) and 71 of Part I of this Schedule; and

• (c) sub-paragraph (3) shall be omitted.

• (3) In paragraph 2(2)(a), for the words “three months” there shall be substituted the words “six months”.

• (4) In paragraph 3, after sub-paragraph (1) there shall be inserted the following sub-paragraphs—

(1A) Sub-paragraph (1) shall not apply to those liabilities items the valuation of which by the undertakings included in a consolidation is based on the application of provisions applying only to insurance undertakings, nor to those assets items changes in the values of which also affect or establish policy holders' rights. (1B) Where sub-paragraph (1A) applies, that fact shall be disclosed in the notes on the consolidated accounts.

• (5) For sub-paragraph (4) of paragraph 6 there shall be substituted the following sub-paragraphs—

(4) Sub-paragraphs (1) and (2) need not be complied with— (a) where a transaction has been concluded according to normal market conditions and a policy holder has rights in respect of that transaction, or (b) if the amounts concerned are not material for the purpose of giving a true and fair view. (5) Where advantage is taken of sub-paragraph (4)(a) that fact shall be disclosed in the notes to the accounts, and where the transaction in question has a material effect on the assets, liabilities, financial position and profit or loss of all the undertakings included in the consolidation that fact shall also be so disclosed.

• (6) In paragraph 17—

• (a) in sub-paragraph (1), for the reference to Schedule 4 there shall be substituted a reference to Part I of this Schedule;

• (b) in sub-paragraph (2), paragraph (a) and, in paragraph (b), the words “in Format 2” shall be omitted;

• (c) in sub-paragraph (3), for paragraphs (a) to d) there shall be substituted the words “between items 10 and 11 in section III”;

• (d) in sub-paragraph (4), for paragraphs (a) to d) there shall be substituted the words “between items 14 and 15 in section III”; and

• (e) for sub-paragraph (5) there shall be substituted the following sub-paragraph—

(5) Paragraph 2(3) of Part I of Schedule 9A (power to combine items) shall not apply in relation to the additional items required by the foregoing provisions of this paragraph.

• (7) In paragraph 18, for the reference to paragraphs 17 to 19 and 21 of Schedule 4 there shall be substituted a reference to paragraphs 31 to 33 and 36 of Part I of this Schedule.

• (8) In paragraph 21—

• (a) in sub-paragraph (1), for the reference to Schedule 4 there shall be substituted a reference to Part I of this Schedule; and

• (b) for sub-paragraphs (2) and (3) there shall be substituted the following sub-paragraphs—

(2) In the Balance Sheet Format, Asset item C.II.3 (participating interests) shall be replaced by two items, “Interests in associated undertakings” and “Other participating interests”. (3) In the Profit and Loss Account Format, items II.2(a) and III.3(a) (income from participating interests, with a separate indication of that derived from group undertakings) shall each be replaced by the following items— (a) “Income from participating interests other than associated undertakings, with a separate indication of that derived from groupundertakings”, which shall be shown as items II.2(a) and III.3(a), and (b) “income from associated undertakings”, which shall be shown as items II.2(aa) and III.3(aa).

• (9) In paragraph 22(1), for the reference to paragraphs 17 to 19 and 21 of Schedule 4 there shall be substituted a reference to paragraphs 31 to 33 and 36 of Part I of this Schedule.

Modifications of Part I of this Schedule for purposes of paragraph 1

2

• (1) For the purposes of paragraph 1, Part I of this Schedule shall be modified as follows.

• (2) The information required by paragraph 10 need not be given.

• (3) In the case of general business, investment income, expenses and charges, may be disclosed in the non-technical account rather than in the technical account.

• (4) In the case of subsidiary undertakings which are not authorised to carry on long-term business in Northern Ireland, notes (8) and (9) to the profit and loss account format shall have effect as if references to investment income, expenses and charges arising in the long-term fund or to investments attributed to the long-term fund were references to investment income, expenses and charges or (as the case may be) investment relating to long term business.

• (5) In the case of subsidiary undertakings which do not have a head office in Northern Ireland, the computation required by paragraph 46 shall be made annually by an actuary or other specialist in the field on the basis of recognised actuarial methods.

• (6) The information required by paragraphs 75 to 78 need not be shown.

SCHEDULE 2 — MINOR AND CONSEQUENTIAL AMENDMENTS OF 1986 ORDER

1

In Article 236(2)(b) of the 1986 Order[^f00008] (exemption for parent companies included in accounts of a larger group), after the words “the Bank Accounts Directive (86/635/EEC)” there shall be inserted the words “or the Insurance Accounts Directive (91/674/EEC)”.

2

In Article 262(3) of the 1986 Order[^f00009] (exemption from requirements to deliver accounts and reports), after the word “banking”, in both places where it occurs, there shall be inserted the words “or insurance”.

3

Article 263C of the 1986 Order[^f00010] (directors' report where accounts prepared in accordance with special provisions) shall be omitted.

4

In Article 268(6) of the 1986 Order[^f00011] (participating interests), for the words “and in Chapter I of Part I of Schedule 9” there shall be substituted the words “, Chapter I of Part I of Schedule 9 and Chapter I of Part I of Schedule 9A”.

5

In the index of defined expressions set out in Article 270A of the 1986 Order[^f00012]—

• (a) there shall be inserted at the appropriate places the following entries—

the 1982 Act (in Schedule 9A)	paragraph 81 of Part I of that schedule
general business (in Schedule 9A)	paragraph 81 of Part I of that Schedule
---	---
long term business (in Schedule 9A)	paragraph 81 of Part I of that Schedule
---	---
long term fund (in Schedule 9A)	paragraph 81 of Part I of that Schedule
---	---
policy holder (in Schedule 9A)	paragraph 81 of Part I of that Schedule
---	---
provision for unexpired risks (in schedule 9A)	paragraph 81 of Part I of that Schedule
---	---

• (b) in the entry relating to “historical cost accounting rules”, there shall be inserted at the appropriate place the words—

—in Schedule 9A	paragraph 20(b) of Part I of that Schedule

• (c) for so much of the entry relating to “lease, long lease and short lease” as relates to Schedule 9A there shall be substituted the words—

—in Schedule 9A	paragraph 81 of Part I of that Schedule

• (d) for so much of the entry relating to “listed investment” as relates to Schedule 9A there shall be substituted the words—

—in Schedule 9A	paragraph 81 of Part I of that Schedule

• (e) in the entry relating to “pension costs”, there shall be inserted at the appropriate place the words—

—in Schedule 9A	paragraph 85(b) and c) of Part I of that Schedule

• (f) for so much of the entry relating to “provision” as relates to Schedule 9A there shall be substituted the words—

—in Schedule 9A	paragraph 84 of Part I of that Schedule

• (g) in the entry relating to “social security costs”, there shall be inserted at the appropriate place the words—

—in Schedule 9A	paragraph 85(a) and c) of Part I of that Schedule

6

In Article 276(1) of the 1986 Order (realised profits of insurance company with long term business), for paragraph (a) there shall be substituted the following paragraph—

(a) any amount included in the profit and loss account of the company which represents a surplus in the fund or funds maintained by it in respect of that business and which has not been allocated to policy holders under section 30 of that Act, and

7

Schedule 10 to the 1986 Order[^f00013] (directors' report where accounts prepared in accordance with special provisions for insurance companies or groups) shall be omitted.

8

In Schedule 11 to the 1986 Order[^f00014] (modifications of Part IX where company’s accounts prepared in accordance with special provisions for banking or insurance companies), for paragraphs 7 to 13[^f00015] there shall be substituted the following paragraphs—

(7) Article 272(2) shall apply as if the reference to paragraph 88 of Schedule 4 were a reference to paragraph 84c) of Part I of Schedule 9A. (8) Article 277 shall apply as if the reference to paragraph 20 of Schedule 4 in paragraph (2)(b) were a reference to paragraph 35 of Part I of Schedule 9A. (9) Article 278(2) and 283 shall apply as if the references to paragraphs 87 and 88 of Schedule 4 were references to paragraph 84 of Part I of Schedule 9A. (10) Articles 280 and 281 shall apply as if the references in Article 280(3) to Article 234 and Schedule 4 were references to Article 263 and Part I of Schedule 9A. (11) Article 284 shall apply as if the references to paragraphs 12(a) and 34(3)(a) of Schedule 4 were references to paragraphs 16(a) and 29(3)(a) of Part I of Schedule 9A.

9

In Schedule 21 to the 1986 Order (provisions applying to unregistered companies), in the entry relating to Part VIII[^f00016], in column 1, the words from “except paragraphs 2(a) to 2d)” to “paragraph 10(1)c)” shall be omitted.

Signed

Sealed with the Official Seal of the Department of Economic Development on 2nd November 1994.

A. L. Brown — Assistant Secretary

Explanatory note

(This note is not part of the Regulations.)

1 These Regulations implement Council Directive 91/674/EEC Official Journal No. L374 of 31.12.91, pages 7 to 31, on the annual accounts and consolidated accounts of insurance undertakings, in so far as that Directive is applicable to bodies corporate to which Part VIII of the Companies (Northern Ireland) Order 1986 (“the 1986 Order”) applies.

2 Regulations 2 and 3 amend Articles 263 and 263A of the 1986 Order which make special provisions for the accounts of banking and insurance companies and groups. They introduce a requirement for insurance companies to prepare accounts in accordance with the new Schedule 9A, and define which companies are to prepare group accounts under the special provisions with respect to insurance groups.

3 Regulation 4 substitutes a new Schedule 9A to the 1986 Order, Schedule 1 to the Regulations. The new Schedule 9A sets out the form and content of accounts of insurance companies and groups. Part I lays down rules governing the content of the individual accounts of insurance companies, including prescribed formats to be followed, the valuation rules to be applied, the rules for determining provisions and the disclosures to be made in the notes to the accounts. Part II of new Schedule 9A adapts the general rules of Part VIII of the 1986 Order with respect to the consolidated accounts of a company to the special circumstances of insurance groups.

4 Regulation 5 of, and Schedule 2 to, the Regulations make minor and consequential amendments to the 1986 Order.

5 Regulation 6 specifies certain companies which, under the terms of the Directive, may continue to prepare accounts under Part VIII of the 1986 Order, as it applies to insurance companies and groups, without the amendments effected by these Regulations.

6 Regulation 7 sets out a transitional provision whereby a company may prepare accounts in accordance with the unamended Part VIII as that Part applies to insurance companies and groups, rather than under the amended provisions for a financial year commencing before 23rd December 1994.

7 A Compliance Cost Assessment of the impact that the Regulations will have on business is available from Registry of Companies, IDB House, 64 Chichester Street, Belfast BT1 4JX.

Footnotes

[^f00001]: See the definition of “the Department”

[^f00002]: S.I. 1986/1032 (N.I. 6); Article 265 was inserted into the 1986 Order by Article 22 of the Companies (Northern Ireland) Order 1990 (S.I. 1990/593 (N.I. 5)) in place of an existing Article of that number

[^f00003]: Article 263 was inserted into the 1986 Order (in place of that inserted by Article 20 of the Companies (Northern Ireland) Order 1990) by regulation 3 of the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992 (S.R. 1992 No. 258)

[^f00004]: Article 263A was inserted into the 1986 Order (in place of that inserted by Article 20 of the Companies (Northern Ireland) Order 1990) by regulation 3 of the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992. Article 263A was amended by regulation 4 of the Companies (1986 Order) (Disclosure of Branches and Bank Accounts) Regulations (Northern Ireland) 1993 (S.R. 1993 No. 199)

[^f00005]: Parts I and II of Schedule 9 to the 1986 Order were formed into a new Schedule numbered 9A by regulation 5(l) of the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

[^f00006]: Official Journal No. L228 of 16.8.73, page 3, as amended by Council Directive 84/641/EEC, Official Journal No. L339 of 27.12.84, page 21

[^f00007]: Official Journal No. L63 of 13.3.79, page 1

[^f00008]: Article 236 was inserted into the 1986 Order by Article 7 of the Companies (Northern Ireland) Order 1990 in place of an existing Article of that number, and was amended by regulation 3 of the Companies (1986 Order) (Disclosure of Branches and Bank Accounts) Regulations (Northern Ireland) 1993 (S.R. 1993 No. 199)

[^f00009]: Article 262(3) was inserted into the 1986 Order by Article 19 of the Companies (Northern Ireland) Order 1990 in place of an existing Article of that number, and was amended by paragraph 1 of Schedule 2 to the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992 (S.R. 1992 No. 258) and by regulation 10 of the Partnerships and Unlimited Companies (Accounts) Regulations (Northern Ireland) 1994 (S.R. 1994 No. 133)

[^f00010]: Article 263C was inserted into the 1986 Order by Article 20 of the Companies (Northern Ireland) Order 1990, and was amended by regulation 4 of the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

[^f00011]: Article 268 was inserted into the 1986 Order by Article 24 of the Companies (Northern Ireland) Order 1990 in place of an existing Article of that number, and was amended by paragraph 2 of Schedule 2 to the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

[^f00012]: Article 270A was inserted into the 1986 Order by Article 24 of the Companies (Northern Ireland) Order 1990, and was amended by paragraph 3 of Schedule 2 to the Companies (1986 Order) (Bank ` Accounts) Regulations (Northern Ireland) 1992

[^f00013]: Schedule 10 to the 1986 Order was substituted by Article 20(5) of, and Schedule 8 to, the Companies (Northern Ireland) Order 1990, and amended by regulation 6 of, and paragraph 5 of Schedule 2 to, the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

[^f00014]: Schedule 11 has been amended by Article 25 of, and paragraph 24 of Schedule 10 to, the Companies (Northern Ireland) Order 1990, and by regulation 7 of, and Schedule 3 to, the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

[^f00015]: Paragraphs 1 to 7 of Schedule 11 were numbered 7 to 13 and amended by regulation 7 of, and paragraph 1(3) of Schedule 3 to, the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992

[^f00016]: The entry in Schedule 21 relating to Part VIII was amended by regulation 7 of, and paragraph 2 of Schedule 3 to, the Companies (1986 Order) (Bank Accounts) Regulations (Northern Ireland) 1992