64(1)  The Treasury may by regulations make provision for and in connection with the application of the relevant taxes in relation to circumstances in which there is relevant intervention under the FSCS.

64(2)  “Relevant intervention” means–

(a)anything done under, or while seeking to make, arrangements for securing continuity of insurance in connection with protected contracts of insurance,

(b)anything done as part of measures for safeguarding policyholders in connection with protected contracts of insurance, or

(c)the payment of compensation in connection with protected contracts of insurance.

64(3)  In this section–

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