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65. Where as a result of the valuation exercise under regulation 63 (aggregate Scheme costs), the Secretary of State amends these Regulations, an administering authority must consider whether the rates and adjustments certificate obtained under regulation 62(1)(c) (actuarial valuations of pension funds) should be revised to take account of the amendment; and if, in the authority’s view the certificate should be so revised—
(a)the authority must ensure that the certificate is revised accordingly and as soon as possible; and
(b)the revised certificate must cover the period beginning with 1st April in the second year following that in which the valuation date falls under regulation 62 (actuarial valuations of pension funds).
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