Regulation 25 Retrospective effect
Any resolution passed after 31st December 1986 and before 1st April 1987 which, if regulation 2 above had been in force, could have been passed under that regulation shall be treated for the purposes of the principal Regulations as having been so passed.
A superannuation fund established after 31st December 1986 and before 1st April 1987 by the London Residuary Body for the purposes of the principal Regulations shall be treated for those purposes as having been established under regulation P1(2) of those Regulations (inserted by regulation 17 above).
Where—
if these Regulations had come into operation on 1st April 1986, a person would at any time before 1st April 1987 have been entitled to make an election under regulation B1(15B) or (18) of the principal Regulations or under paragraph 1(1) or (7), 2 or 5(2) of Part IV of Schedule 2 to those Regulations, and
he gives notice of such an election within 6 months after 1st April 1987,
the election may be expressed to have effect as if these Regulations had come into operation on 1st April 1986 and the notice had been given on the first day on which he would in that case have been entitled to give notice of the election or, where that day is 1st April 1986, to have effect from that date.