Companies Act 2014
Assurance company holding shares in its holding company
1443. In the case of—
(a) a designated activity company,
(b) a public limited company, or
(c) an unlimited company,
that is an assurance company within the meaning of section 62 of the Insurance Act 1989, neither section 113 nor section 114 , other than subsection (2)(b)(i), shall apply to shares subscribed for, purchased or held by it in its holding company pursuant to that section 62 .