Amendment of regulation 3 of the principal Regulations
3. In regulation 3 of the principal Regulations (general provisions relating to the crediting of contributions)—
(a)in the heading, after the word“contributions”there shall be added the words“and earnings”;
(b)in paragraph (1) after the word“contributions”wherever it occurs there shall be inserted the words“or earnings”;
(c)in paragraph (2)—
(i)in sub-paragraph (a) for the words“Class 1 credits”there shall be substituted the words“be credited with earnings”,
(ii)in sub-paragraph (a) for the words“Class 1 contributions”there shall be substituted the word“earnings”, and
(iii)sub-paragraph (b) shall be deleted;
(d)in paragraph (3)—
(i)for the words“a credit”there shall be substituted the words“be credited with earnings or a contribution”, and
(ii)for the words“that credit”there shall be substituted the words“be credited with those earnings or that contribution”.