Paragraph 4

United Kingdom

(1)

In paragraph 7, the inserted section 8A shall be amended as follows.

(2)

The existing provision shall become subsection (1) and, in that subsection—

(a)

after “14” there shall be inserted “ and subsection (2) ”, 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—

“(2)
The duty of the Board under subsection (1) above shall only apply if the liability is in respect of a protected risk”.

Notes on the whole Act