[F1101L Variation of the amount required to be used.U.K.
(1)Regulations may make provision for the amount required to be used under section 101F(1) to be increased or reduced in prescribed circumstances.
(2)Without prejudice to the generality of subsection (1), the circumstances which may be prescribed include—
(a)failure by the trustees or managers of a qualifying scheme to comply with a notice under section 101F(1) within 6 months of the date by reference to which the amount of the cash equivalent falls to be determined, and
(b)the state of funding of a qualifying scheme.
(3)Regulations under subsection (1) may have the effect of extinguishing an obligation under section 101F(1).]
Textual Amendments
F1Pt. 4A inserted (11.11.1999 for specified purposes, 1.12.2000 in so far as not already in force) by Welfare Reform and Pensions Act 1999 (c. 30), ss. 37, 89(5)(a); S.I. 2000/1047, art. 2(2)(d), Sch. Pt. 4