Amendment of regulation 4 of the principal Regulations

4.—(1) Regulation 4 (liabilities to which the Scheme applies) of the principal Regulations is amended as follows.

(2) In the heading after the word “Liabilities” there is inserted “and financial losses”.

(3) For paragraph (1) there is substituted–

(1) The Scheme applies to the liabilities and financial losses described in the following provisions of this regulation..

(4) In sub-paragraph (3)(b) at the beginning there is inserted “on or”.

(5) In paragraph (4) after the words “at any time” there is inserted “on or”.