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Regulation 9 Application of funds

Original text. Later amendments are not shown.

The Trustees shall not cause or allow the disposal of any property or right transferred or payment received by virtue of the foregoing regulations or the application of any such property or right or payment otherwise than—

(a)

for the discharge of any liability or obligation or the payment of any expense imposed upon them by these Regulations; or

(b)

in accordance with the provisions of the Pension Scheme.