6.—(1) Amend regulation 5(1) (regulations 3 and 4: supplementary) as follows.
(2) In sub-paragraph (b)—
(a)in paragraph (i) after “liability” insert “mentioned in regulation 3(1)”;
(b)in paragraph (ii) after “contract” insert “mentioned in regulation 4(1)”; and
(c)omit the words from “the extent” to the end.
(3) At the end of the paragraph add—
“the extent to which an asset is matched is determined in accordance with the following rules”.
(4) For Rule 1 substitute—
Liabilities and contracts are regarded as matched to the greatest possible extent with assets which are ships or aircraft.”.
(5) In Rule 2 at the end insert “if the disposal were made on a date falling more than 12 months after the date of acquisition of the asset”.
(6) In Rule 3—
(a)after “liabilities” insert “and contracts”;
(b)delete “if the disposal were made on a date falling more than 12 months after the date of acquisition of the asset”.