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Regulation 14 Exemptions

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

Sections 37 and 76 of the 1995 Act do not apply to a scheme where —

(a)

any Minister of the Crown has given a guarantee or made any other arrangements for the purpose of securing that the assets of the scheme are sufficient to meet its liabilities; or

(b)

arrangements for the payment of any surplus or for the distribution of any excess assets on the winding up of the scheme are provided for by virtue of any enactment or are subject to the approval of any Minister of the Crown.