Interest
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adran has no associated
Memorandwm Esboniadol
10.—(1) Interest shall accrue on the cash equivalent of the transferor’s transferable rights in respect of the period beginning on the guarantee date and ending on the day on which an amount in respect of that cash equivalent is transferred by virtue of regulation 7(2).
(2) Interest shall accrue under paragraph (1) at an annual rate to be determined by the Secretary of State on the advice of the Government Actuary.