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The Iron and Steel (Pension Schemes) Regulations 1970
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3. For regulation 2 the following regulation shall be substituted:—
“2.—
(1) The Corporation may for the purposes of section 40(1)(a) of the Act—
(a)establish and administer any pension scheme which has been approved by the Minister;
(b)with the like approval participate in any pension scheme established and administered by some other person.
(2) For the purposes of any such scheme the Corporation may contribute to any pension fund or execute or maintain any policy of assurance, bond, indemnity or other similar instrument.”
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