Related Commentary  

5(1)  Subject to paragraph (3), in respect of a general insurer’s business to which section 92B of the Finance Act 1993 applies, any calculation required under these Regulations shall be made in the functional currency.

5(2)  Subject to paragraph (3), in respect of a general insurer’s business to which section 92C of the Finance Act 1993 applies, any calculation required under these Regulations shall be made in the accounts currency.

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