Regulation 10 Amendments to the principal Regulations

at the beginning there shall be inserted “(1)”;

in paragraph (1) so formed for the words from “forthwith” to “fact” there shall be substituted the words “within 30 days of the relevant event in sub-paragraphs (a) to (d), of that relevant event”; and

after paragraph (1) there shall be added the following paragraphs—

“(2)

On giving the notice referred to in paragraph (1), the person shall also notify the plan investor of his right to transfer the plan under regulation 16, and the notice shall inform the plan investor of his rights under paragraph (3).

(3)

Where the plan investor—

(a)

receives a notice under paragraph (2), or regulation 14, and

(b)

within 30 days of the sending of the notice to him, transfers the plan to another plan manager pursuant to regulation 16,

the period between the transferor ceasing to act or qualify as a plan manager, and the transfer to the transferee, shall be ignored in determining whether the plan has at all times been managed by a plan manager.”