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Paragraph 1

Original text. Later amendments are not shown.

In regulation 7—

(a)

for the words “regulations 4(3) and 5(3),” there are substituted the words “regulations 4(3), 5(3) and 7A”,

(b)

after the words “in accordance with such an election” there are inserted the words “or the payment of a lump sum under regulation 5(5)”, and

(c)

at the end there are inserted the words “or, as the case may be, the making of a reduced lump sum payment or no such payment”.