Regulation 5 Valuation of superannuation fund
(1)
Regulation P5 of the principal Regulations is amended–
(a)
in paragraph (1) by substituting for the word “fifth” the word “third”; and
(b)
in paragraph (2) by substituting for the words “21 months” the words “12 months”.
(2)
Regulation P6 of the principal Regulations is amended–
(a)
in paragraph (l) by substituting for the words after “any individual adjustments”, the words “for each year of the period of 3 years beginning with 1st April in the year following.”; and
(b)
by deleting paragraph (5).
(3)
Regulation P7 of the principal Regulations is amended in paragraph (1) by substituting for the words “5 years” the words “3 years”.