Article 20 The 1981 Act

(1)

In so far as it relates to a scheme made under section 60 of the 1981 Act in which the Post Office is the transferor, Schedule 2 to the 1981 Act shall apply on and after 26th March 2001 with the following modifications.

(2)

The following references in Schedule 2 to the transferor shall be read as references to the nominated company—

(a)

in paragraph 2, all references other than the second and fourth references in subparagraph (1);

(b)

in paragraphs 5 and 7, all references; and

(c)

in paragraph 12, all references other than the reference in subparagraph (1), the first, second and third references in subparagraph (3) and the references in subparagraph (4).

(3)

The following references in Schedule 2 to the transferor shall be read as including a reference to the nominated company—

(a)

in paragraph 1(2), the third reference;

(b)

in paragraph 1(4), the first reference;

(c)

in paragraph 10, the second reference;

(d)

the reference in paragraph 6; and

(e)

in paragraph 12, the reference in subparagraph (1), the first, second and third references in subparagraph (3) and the first, second and fifth references in subparagraph (4).