196. Section 12(5) of the Unclaimed Life Assurance Policies Act 2003 is amended by the substitution of the following paragraph for paragraph (b):

“(b) Nothing in paragraph (a) shall be construed as restricting the right of a person to inspect the register in relation to a policy where the person—

(i) proves to the satisfaction of an insurance undertaking that he or she is, or may be, the policy holder,

(ii) proves to the satisfaction of an insurance undertaking that he or she is authorised by the policy holder to so inspect, or

(iii) may act on behalf of the policy holder in relation to that policy pursuant to regulations made under section 7.”.