# The Industrial Assurance (Decimal Currency) Regulations 1970, Regulation 3


Regulation 2 shall not apply to any payment payable under an industrial assurance or collecting society contract—
(a) which is contained in or by its terms subject to the rules of a collecting society and those rules provide for the amount in the new currency payable in respect of the payment, or
(b) to which the prescribed scheme or an approved scheme applies.

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Source: https://www.legislation.gov.uk/uksi/1970/931/regulation/3 (the official version)
Page: https://openlegislation.uk/industrial-assurance-decimal-currency-regulations-1970/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.