Finance Act 1995

Certification: Treasury specifications

4 (1) Section 326 shall be further amended as follows.

(2) In each of the [1987 c. 22.] following provisions, namely—

(a) subsection (3)(b) (Treasury certification of schemes with building societies),

(b) subsection (4)(b) (Treasury certification of schemes with institutions authorised under Banking Act 1987), and

(c) subsection (5)(b) (inserted by paragraph 3 above),

for the words “corresponding to a scheme certified under subsection (2) above” there shall be substituted “fulfilling such requirements as the Treasury may specify for the purposes of this section”.

(3) This paragraph shall apply in relation to schemes not certified as mentioned in section 326(3)(b), (4)(b) or (5)(b) before such day as the Treasury may by order made by statutory instrument appoint.