7.—(1) The Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 2005(1) shall be amended in accordance with paragraphs (2) and (3).
(2) In regulation 1(2) (interpretation) in the definition of “specified qualifying insurance policy” for “paragraph III” there shall be substituted “paragraphs I or III”.
(3) In regulation 13 (investments to which restrictions do not apply)—
(a)in paragraph (6)—
(i)in sub-paragraph (b) “or” shall be omitted, and
(ii)after sub-paragraph (c) there shall be added the following sub-paragraphs—
“(d)Article 59(2)(2) (determination of contributions: supplementary), or
(e)Article 60(5) (serious underprovision),”, and
(b)in paragraph (7)(b) for “10 participants in a” there shall be substituted “for 10 participants in the”.
Articles 59 and 60 were repealed by Schedule 11 of the Pensions (Northern Ireland) Order 2005, with transitional savings set out in paragraph 9 of Schedule 4 to S.R. 2005 No. 568