Article 4 Valuation of transferred funds

In preparing the actuarial valuation of, and report on, the assets and liabilities of the Greater London Council's superannuation fund required by article 6(4) of the principal order, the actuary shall not be required to comply with regulation 5(2) or 7 of the Local Government Superannuation (Actuarial Valuations) Regulations 1954^f1 in respect of any part of the accounting period before 1st April 1965; and article 6(5) of the principal order shall have effect accordingly.