Regulation 11 Amendments to the principal Regulations

Regulation 16^f1 shall be amended as follows.

In paragraph (1)(a) after the word “plan” where it secondly appears there shall be inserted the words “, or the qualifying investments forming part of a plan,”.

After paragraph (1) there shall be inserted the following paragraph—

“(1A)

Where part of a plan is transferred, the transferee shall thereafter be the plan manager in relation to the qualifying investments transferred, and all references in these Regulations to the plan manager shall, so far as relates to plan investments transferred, be thereafter taken to be references to the transferee.”

In paragraph (2) for “60” there shall be substituted “30”.

In paragraph (3)(b)—

In paragraph (4)(b) the words “of the plan” shall be omitted.