Paragraph 6

(1)

Nothing in the 1997 provisions affects any agreement made under regulation B3 of the 1986 regulations which immediately before the commencement date was treated as an admission agreement under paragraph 20 of Schedule M4 to the 1995 regulations.

(2)

But where—

(a)

immediately before 1st January 1994 the employing body was a company under the control of a body listed in Schedule 2 to the 1997 regulations, and

(b)

that body ceases to be such a company,

then—

(i)

the admission agreement shall cease to have effect when the body so ceases, and

(ii)

any employee of the employing body shall no longer be eligible to be an active member.