Regulation 5 Amendment of regulation 51 of the General Regulations

in paragraph (1) for the words from “except where” to the end there shall be inserted the words–

“except–

(a)

where that capital is derived from a payment made in conse quence of any personal injury and is placed on trust for the benefit of the claimant; or

(b)

to the extent that the capital which he is treated as possessing is reduced in accordance with regulation 51A (diminishing notional capital rule).”;

in paragraph (3)(a)(ii) the words “in England and Wales” shall be omitted.