Paragraph 6

United Kingdom

(1)

Section 11 shall be amended as follows.

(2)

In subsection (3)—

(a)

after “14” there shall be inserted “ and subsection (3A) ”, and

(b)

for “was a United Kingdom policy at the beginning of the liquidation” there shall be substituted “ is a qualifying policy ”.

(3)

After that subsection there shall be inserted—

“(3A)
The duty of the Board under subsection (3) above shall not apply in relation to a commitment which is not a protected commitment.”

Notes on the whole Act