Social Welfare and Pensions Act 2011
Amendment of section 56 of Principal Act. |
38.— Section 56 of the Principal Act is amended— | |
(a) in subsection (2)(c) by inserting “or regulatory own funds trust RAC” after “liabilities of the scheme”, | ||
(b) in subsection (6)(a)(iii) by inserting “other than a small scheme which is a regulatory own funds scheme” after “a small scheme”, | ||
(c) in subsection (6)(b)(i) by substituting “section 41(2)(a) of this Act applies, or” for “section 31(a) of the Social Welfare and Pensions Act 2005 applies, or”, | ||
(d) in subsection (6)(b)(iv) by inserting “other than a small scheme which is a regulatory own funds scheme” after “a small scheme”, and | ||
(e) by substituting the following subsection for subsection (7): | ||
“(7) (a) Subject to paragraph (b) this section shall not apply to a small trust RAC. | ||
(b) This section shall apply to a small trust RAC which is a regulatory own funds trust RAC.”. |