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Paragraph 4

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

For regulation P6 substitute the following:

“P6
(1)

The National Rivers Authority shall as soon as is reasonably practicable after obtaining a valuation under regulation P5 obtain from the same actuary a certificate specifying the amount by which, in his opinion, the assets of each fund exceed or, as the case may be, fall short of, the amount required to meet its existing and prospective liabilities.

(2)

Forthwith upon receiving a certificate under this regulation the National Rivers Authority shall send a copy of it to the Secretary of State.”.