SCHEDULES
SCHEDULE 5Removal of Secretary of State's role in approving actuarial guidance
Insolvency Act 1986 (c. 45)
3
In section 342C of the Insolvency Act 1986 (recovery of excessive pensions contributions: supplementary) in subsection (5) (under which calculation and verification of certain values and amounts may be required to be in accordance with guidance approved by Secretary of State) for paragraph (b) substitute—
b
in accordance with guidance from time to time prepared by a prescribed person.
4
In section 342F of that Act (orders in relation to transactions at an undervalue and preferences: supplementary) in subsection (7) (under which calculation and verification of certain values and amounts may be required to be in accordance with guidance approved by Secretary of State) for paragraph (b) substitute—
b
in accordance with guidance from time to time prepared by a prescribed person.