Commentary

D7.515 Insurance special purpose vehicles

Corporate tax
Corporate tax | Commentary

D7.515 Insurance special purpose vehicles

Corporate tax | Commentary

D7.515 Insurance special purpose vehicles

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

The concept of the insurance special purpose vehicle ('ISPV') was first aired in the summer of 2006 when the FSA issued Consultation Paper 06/12 Implementing the EU Reinsurance Directive. Although the main thrust of the FSA's proposals was for a light touch regulatory regime for ISPVs to allow insurance groups to access the capital markets, the proposed form of an ISPV may also be used as a traditional

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