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Regulation 4 Liability for payment of a premium

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

(1)

For the purposes of section 5(7) of the Act (liability to pay a premium to the Secretary of State) the prescribed person is—

(a)

in a case where the circumstances specified in regulation 6(7)(a) and (c) obtain, the person to whom the cash sum mentioned in regulation 6(7)(c) has been paid; and

(b)

in any other case, the trustees of the scheme.

(2)

Where an appropriate scheme ceases to be appropriate, the Board shall certify to the Secretary of State whether or not protected rights under the scheme are subject to approved arrangements as mentioned in section 5 of the Act.

(3)

Where protected rights which were subject to approved arrangements as mentioned in section 5 of the Act have ceased to be so subject, the Board shall certify to the Secretary of State the date on which those rights ceased to be so subject.

(4)

Any liability for the payment of a premium which is, by any provision of these regulations, imposed on the trustees of a scheme shall be a liability to make that payment out of the resources of the scheme.