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8. In paragraph 12—
(a)the substitution, for sub-paragraph (1), of the following sub-paragraph—
“(1) Subject to the following provisions of this Schedule, a member acquires a right to the cash equivalent at the relevant date of any benefits which have accrued to or in respect of him under the rules of the scheme.”;
(b)in sub-paragraph (2)—
(i)the omission of the definition of the expression “the applicable rules”, and
(ii)the substitution, for the definition of the expression “the relevant date”, of the following definition— “`the relevant date' means the date of the relevant application;”;and
(c)the omission of sub-paragraphs (2A), (2B) and (3).
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