Individual trustees: period of graceE+W+S
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Memorandwm Esboniadol
3. Section 247(3) and (4) of the 2004 Act shall not apply to any individual who is a trustee of a relevant scheme for a period of six months beginning with the date of his appointment as such a trustee, unless—
(a)he is an independent trustee who meets the requirements of section 23(1) of the 1995 Act; or
(b)he was appointed as a consequence of holding himself out as having expertise in any of the matters listed in section 247(4) of the 2004 Act or in any regulations made under paragraph (c) of that section.