This is the original version (as it was originally enacted).
7In section 37 (payment of surplus to employer), in subsection (1A)—
(a)after “does not apply in the case of” insert “—
(a)”;
(b)at the end insert—
“(b)any payments out of funds held for the purposes of providing collective benefits under the scheme (but see section 24 of the Pension Schemes Act 2015).”
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