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Regulation 3 Schemes to which Part II of Schedule 12 is to apply

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

(1)

With effect from the 6th April 1987 Part II of Schedule 12 shall apply, subject to these Regulations, in relation to schemes prescribed by paragraph (2) of this regulation.

(2)

Prescribed schemes to which paragraph (1) of this regulation refers are—

(a)

self-administered schemes having not less than 12 members;

(b)

insured schemes, the policies in respect of which do not provide that levels of contributions require to take account of surpluses.