10. In section 235—
[F1(a) in subsection (3) for “the consumer prices index” substitute “the relevant index”; and]
(b)at the end of the section add—
[F2“(4) In this section “the relevant index” means—
(a)if there is an index of the movement of consumer prices maintained, or officially recognised, by the government of the country or territory in which the recognised overseas scheme is established, that index, or
(b)if there is no such index, the consumer prices index.”].
Textual Amendments
F1Words in reg. 10 substituted (with effect in accordance with reg. 1(7) of the amending S.I.) by The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011 (S.I. 2011/1751), regs. 1(1), 12(4)(a)
F2Words in reg. 10 substituted (with effect in accordance with reg. 1(7) of the amending S.I.) by The Registered Pension Schemes (Miscellaneous Amendments) Regulations 2011 (S.I. 2011/1751), regs. 1(1), 12(4)(b)
Commencement Information