Regulation 12 Amendments to the principal Regulations

in paragraph (2) in the words preceding sub-paragraph (a) for the word “in” where it secondly appears there shall be substituted the words “at the end of”;

paragraph (2)(b)(ii) and (c) shall be omitted;

for paragraph (3)(a) there shall be substituted the following sub-paragraph—

“(a)

the respective market values at the end of the year or the part of the year for which the return is made of plan investments held by him or a nominee for him on behalf of plan investors, under all the plans in respect of which he acted as plan manager in that year or part, with separate values for—

(i)

shares, not being shares in an investment trust or in a UCITS,

(ii)

qualifying securities,

(iii)

shares in investment trusts,

(iv)

units in securities funds and warrant funds, and shares in securities companies and warrant companies,

(v)

units in, or shares of, a relevant UCITS,

(vi)

units in funds of funds, and

(vii)

cash, including cash represented in share accounts with building societies,

with depositary interests being included in the paragraph to which their relevant investments (referred to in paragraphs (a) and (b) of the definition of “depositary interest”) relate; and” ; and

paragraph (4) shall be omitted.