The Personal and Occupational Pension Schemes (Modification of Enactments) Regulations 1987

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).