SCHEDULE CONSEQUENTIAL AMENDMENTS

PART 1

Amendment of the Winding Up Regulations

3.  In regulation 5(1) (modification of schemes to fix time for settling priority of liabilities on winding up), as it applies to schemes beginning to be wound up on or after 6th April 2005 –

(a) for “Article 73(3)” there shall be substituted “Article 73(4)”; and

(b) for “Article 73(2) and (3)” there shall be substituted “Article 73(3) and (4)”.