Regulation 15 Amendments to regulation 16 (Payment by the Department)

In regulation 16—

(a)

in paragraphs (1) and (2), for “pension policy” and “policy” in each place where those words occur substitute “annuity policy”;

(b)

in paragraph (2) omit “12(8) or”;

(c)

in paragraph (2B)—

(i)

before “lump sum” insert “pension commencement”;

(ii)

after “regulation 12(1A)” insert “or 13A(3)(ii)”;

(d)

in paragraph (2D)—

(i)

after “regulation 12” insert “or 13A”;

(ii)

before “lump sum” insert “pension commencement”.