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4. Section 68 of the 1982 Act (power to modify Part II in relation to particular companies) shall have effect in relation to any former member to whom regulation 3(1) above applies with the following modifications—
(a)the requirement for an order under that section to be made on the application, or with the consent, of the person in respect of whom it is made shall be omitted;
(b)the order may exclude or modify the application to the person in respect of whom it is made of any provision of Part II of that Act.
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