These regulations may be cited as the Iron and Steel (Pension Schemes) Regulations 1967 and shall come into operation on 28th July 1967.

In these regulations—

• “actuary” has the meaning assigned to it by regulation 5 hereof;

• “the Corporation” means the National Steel Corporation;

• “divided pension scheme” has the meaning assigned thereto by regulation 5 hereof;

• “holding company, “officer”, “pension fund”, “pension rights”, “pension scheme”, “publicly-owned company” and “wholly owned subsidiary” have respectively the meanings assigned thereto by the Act;

• “holding company's pension scheme” has the meaning assigned thereto by regulation 4 hereof;

• “the Iron and Steel Board” means the Board established under Part II of the Iron and Steel Act 1953;

• “the publicly-owned company's part” and “the other employer's part” have the meanings respectively assigned thereto by regulation 5 hereof;

• “publicly-owned company's pension scheme” means a pension scheme of a publicly-owned company established and administered by that company for providing pensions exclusively to or in respect of persons who are or have been officers of that company, being a pension scheme referred to in regulation 3 hereof;

• “the vesting date” means 28th July 1967.

The Interpretation Act 1889 shall apply to the interpretation of these regulations as it applies to the interpretation of an Act of Parliament.