2In relation to any period of twelve months beginning before 1st October 1982, section 18 of this Act shall have effect as if—
(a)for subsection (1)(a) there were substituted—
“(a)shall, once in every three years or at such shorter intervals as may be prescribed by the deed of settlement of the company or by its regulations or byelaws, cause an investigation to be made into its financial condition in respect of that business, including a valuation of its liabilities in respect thereof, by the person who for the time being is its actuary under section 19(1) below or any corresponding enactment previously in force ; and”;
(b)subsection (2) were omitted.