Paragraph 3
In regulation 5 (modification of schemes to fix time for settling priority of liabilities on winding up), as it applies to schemes beginning to be wound up on or after 6th April 2005—
(a)
for “section 73(3)” substitute “ section 73(4) ”; and
(b)
for “section 73(2) and (3)” substitute “ section 73(3) and (4) ”.