{
  "url": "https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970/regulation-2",
  "json_url": "https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970/regulation-2.json",
  "legislation": "uksi/1970/931",
  "legislation_title": "The Industrial Assurance (Decimal Currency) Regulations 1970",
  "legislation_url": "https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": null,
  "text": "(1) Subject to regulation 3, this regulation applies to payments payable under any industrial assurance or collecting society contract made before 15th February 1971 that fall due on or after that date.\n(2) The amount payable in respect of any payment to which this regulation applies and which is payable by an industrial assurance company or collecting society shall be the amount in the new currency provided for in Schedule 1 to these Regulations.\n(3) The amount payable in respect of any payment to which this regulation applies and which is payable to an industrial assurance company or collecting society shall be—\n(a) if the payment is payable under a collecting society contract as one of a series of payments payable at intervals greater than two weeks, the amount in the new currency provided for in Schedule 1 to these Regulations,\n(b) if the payment is payable under an industrial assurance contract as one of a series of payments payable at intervals greater than two weeks, the amount in the new currency provided for in Schedule 2 to these Regulations,\n(c) if the payment is payable under an industrial assurance or collecting society contract as one of a series of payments payable weekly or fortnightly, the amount in the new currency provided for in Schedule 3 to these Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1970/931/regulation/2",
    "retrieved_at": "2026-10-29T22:58:11.623834+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}