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28. In regulation 29 (admission agreement funds), for paragraph (5) substitute—
“(5) When valuations under regulation 32 of both the main fund and the admission agreement fund are first obtained after the admission agreement fund is established, the administering authority must obtain from an actuary appointed by the authority—
(a)a transfer statement; and
(b)a rates and adjustment certificate for the admission agreement fund for each remaining year of the period covered by the most recent such certificate for its main fund.”.
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