Regulation 17 Amendment of provisions for payment by instalment

(1)

In regulation 19(1) (time and manner of payment: general provisions) for the words “in equal monthly instalments” to the end substitute “in instalments of no more than 52 in a year on a day specified by the scheme manager for the making of such payments to that beneficiary.”.

(2)

In—

(a)

regulation 17(3A)(b) and (5A)(a) and (b);

(b)

regulation 17A(5)(a) and (b);

(c)

regulation 17B(7)(a)(i) and (b)(i) and (11);

(d)

regulation 18(4)(b), (7)(a)(i) and (b)(i) and (9A);

(e)

regulation 19(3) and (4); and

(f)

regulation 20(1) and (2),

omit “monthly”.

(3)

In—

(a)

regulation 17(5);

(b)

regulation 17A(4); and

(c)

regulation 19(2),

for “a monthly instalment” substitute “an instalment”.