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4. In Regulation 5 for paragraph (2) there shall be substituted—
“(2) Investments, or rights in respect of investments, may not at any time—
(a)be purchased or made otherwise than out of cash which a plan manager holds (and is entitled under the provisions of these Regulations to hold) under a plan at that time; or
(b)be purchased from—
(i)a plan investor, or
(ii)the spouse of a plan investor,
so as to become plan investments under a plan to which the plan investor subscribes or has subscribed.”.
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