Regulation 17 Abstract of valuation report prepared by the appointed actuary

(1)

In the opening paragraph of Schedule 4 to the 1983 Regulations (abstract of valuation report prepared by the appointed actuary), for the words “Regulation 54” substitute the words “regulation 64”.

(2)

In paragraph 4 of that Schedule, at the end of sub-paragraph 2(b), for the full stop substitute a semi-colon and insert—

“(c)

a description of the investment guidelines of the fund, including the use of derivative contracts.”

(3)

In paragraph 5 of that Schedule—

(a)

in sub-paragraph (1)(b), for the words “Regulation 58” substitute the words “regulation 68”;

(b)

at the end of sub-paragraph (1)(g), for the full stop substitute a semi-colon and insert—

“(h)

the method by which allowance has been made, if any, for derivative contracts in the determination of the amount of the long term liabilities.”; and

(c)

in sub-paragraph (2)(a), for the words “Regulation 38(5)” substitute the words “regulation 45(6)”.

(4)

In sub-paragraph (d) of paragraph 7 of that Schedule—

(a)

for the words “Regulation 57(1)” substitute the words “regulation 67(1)”; and

(b)

for the words “Regulations 55 to 64” substitute the words “regulations 66 to 75”.

(5)

In sub-paragraph (b) of paragraph 8 of that Schedule, for the words “Regulation 61(1)” substitute the words “regulation 71(1)”.