Regulation 10 Amendments to the ScheduleI1

for the first reference to “the system” substitute “a system governed by the law of the United Kingdom”;

after “institution” insert “whose head office is in the United Kingdom”;

for the first reference to “the system” substitute “a system governed by the law of the United Kingdom”;

after “participant” insert “established in the United Kingdom”;

omit the “or” at the end of sub-paragraph (a);

at the end of sub-paragraph (b) insert “or” and insert a new sub-paragraph (c) as follows—

“(c)

the appointment of an administrator under paragraph 14 or paragraph 22 of Schedule B1 to the Insolvency Act 1986 taking effect,”;

for the text following the new sub-paragraph (c) substitute—

“to notify forthwith both the system and the designating authority that such a resolution has been passed, that such a trust deed has become a protected trust deed or, as the case may be, that such appointment has taken effect.”.