If it is safe, yes.Was something which complied with BS 7671:2008 safe when it was installed in, say 2011?No, the other way round - impossible not to comply with the regulations if it is safe.
Not if it is safe.Did it suddenly become unsafe on 01/01/2012?
Not if it is safe.If the same thing was installed today would it be unsafe?
I think you are still looking at it the wrong way round.
Bearing in mind the OP is doing it now, he asked:
"If it does not meet regulations though (despite it being safe) could it not void buildings insurance?"
I tried to indicate that if it is safe, it cannot NOT meet the regulations.
