Amendment of section 76 (obligations of system-members) of Principal Act.
118.—(1) Section 76 of the Principal Act is amended in subsection (3) by deleting “, or twice the amount in the case of fraud,”.
(2) This section has effect in relation to instructions entered or caused to be entered in a relevant system (for the purpose of Part 6 of the Principal Act) by a system-member (for that purpose) on or after the date of the passing of this Act.