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Regulation 14 The 1989 Regulations

Original text. Later amendments are not shown.

(1)

Subject to paragraph (2), the 1989 Regulations shall cease to have effect in relation to any financial year beginning in or after 1993.

(2)

Any sum which–

(a)

at the end of the financial year beginning in 1992 is held or is invested under regulation 10 of the 1989 Regulations, or

(b)

before the end of that year has been transferred under that regulation and has not been retransferred under regulation 11 of the 1989 Regulations,

shall with effect from 1st April 1993 be treated as if it is held or is invested or has been transferred under regulation 13 of these Regulations.