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SCHEDULES

SCHEDULE 2Master Trusts operating before commencement: transitional provision

Modifications having effect from the date on which this Act is passed

3Section 21 (triggering events) has effect as if, in subsection (5)(b) after “resolved” there were inserted “, or, in a case where the Regulator is satisfied that the triggering event was resolved before the date on which this Act is passed, the date specified in that notification”.