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OJ 5: PCA transfer of life insurance business
or “Removed rule about transferring life insurance business for PCA companies”
You could also call this:

“Credit for companies related to foreign dividend deficits (no longer applicable)”

This part of the law used to talk about a credit that a company could get in its policyholder credit account. The credit was related to the maximum deficit in the company’s foreign dividend payment account. However, this rule no longer applies. It was removed from the law on 1 July 2010. This means that companies can’t use this credit anymore.

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Next up: OJ 7: PCA credit for reduced deficit in FDP account

or “Removed rule about credits for reduced deficits in foreign dividend payment accounts”
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Part O Memorandum accounts
Policyholder credit accounts (PCA): Policyholder credits of PCA company

OJ 6PCA credit for maximum deficit in FDP account (Repealed)

    Notes
    • Section OJ 6: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).