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Regulation 9 Amendment of regulation 34 of the General Regulations

Original text. Later amendments are not shown.

In regulation 34 of the General Regulations (notional capital)—

(a)

in paragraph (3) after the words “payment of capital” there shall be inserted the words “, other than a payment of capital made under the Macfarlane Trust,”;

(b)

after paragraph (6) there shall be added the following paragraph—

“(7)

For the avoidance of doubt a claimant is to be treated as possessing capital under paragraph (1) only if the capital of which he has deprived himself is actual capital.”.