10(1)Section 17 shall be amended as follows.
(2)In subsection (4)—
(a)at the beginning there shall be inserted “Subject to subsection (4A) below,”, and
(b)for “was a United Kingdom policy at the relevant time as defined by section 16(6) above” there shall be substituted “is a qualifying policy”.
(3)After that subsection there shall be inserted—
“(4A)The duty of the Board under subsection (4) above shall not apply if the policy does not relate to a protected commitment.”