Amendment of regulation 3.F.5
This section has no associated Policy Notes
42. In regulation 3.F.5 (ways in which transfer value payments may be applied)—
(a)in paragraph (1), for “If Chapter 4 of Part 4 of the 1993 Act applies to a member, that member” substitute “A deferred member”; and
(b)after paragraph (5), insert—
“(6) Paragraph (1) applies whether or not the deferred member is entitled to a guaranteed cash equivalent transfer value payment under Chapter 1 (transfer rights: general) of Part 4ZA of the 1993 Act.”.