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Regulation 3 Fund solvency limits

Original text. Later amendments are not shown.

Regulation P6 of the principal Regulations shall be amended—

(a)

in paragraph (2) by substituting for the words “that the fund is able to meet 75% of its existing and prospective liabilities” the words “its solvency”; and

(b)

in paragraph (3) by deleting sub-paragraph (b) and the word “and” immediately preceding it.