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10. In regulation 70 (special circumstances where revised actuarial valuations and certificates shall be obtained)—
(a)after paragraph (2) insert—
“(2A) The Department, subject to such conditions as it considers appropriate, may approve the issue of an interim exit certificate by the Committee under paragraph (2) to be replaced by an exit certificate at a later date.
(2B) Any payments made by an exiting employer on the basis of an interim exit certificate under paragraph (2A) does not count as an exit payment for the purposes of paragraph (9).”;
(b)in paragraph 14—
(i)at the end of the definition of “exiting employer” delete “and”; and
(ii)after the definition of “exiting employer” insert—
““interim exit certificate” means a certificate produced in accordance with paragraph (2A); and”.
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