Regulation 9 Amendments to the principal Regulations

After regulation 9, there shall be inserted—

“Conditions for application to subscribe to a continuing plan

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(1)

Where, at the time when an individual first applies to subscribe to a plan, he enters into arrangements to subscribe in that year and—

(a)

in the next year, or

(b)

in the next year and in each of a specified number of years successively after that year, or

(c)

in the next year and in each successive year after that year until the arrangements are terminated,

regulation 9 shall apply with the modifications specified in this regulation.

(2)

Paragraph (1) of that regulation shall apply as if the reference to subscribing in any year for which arrangements referred to in this regulation are not in force, and in the year following a year in which the individual has not subscribed to the plan, were a reference to subscribing in the years for which such arrangements are to continue.

(3)

Paragraph (2) of that regulation shall apply as if the reference to the year for which the applicant is to subscribe were a reference to the years for which he is to subscribe.

(4)

Paragraph (3)(b) of that regulation shall apply as if the reference to the year to which paragraph (2) refers were a reference to the years to which that paragraph refers.”