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Amendment of the Money Purchase Contracted-out Schemes Regulations 1987
4. For paragraph 4 of the Schedule to the Money Purchase Contracted-out Schemes Regulations 1987() there shall be substituted the following paragraph—
“4. An interest-bearing account (including, in the case of a building society, a share or deposit account) with—
(a)a building society as defined in the Building Societies Act 1986();
(b)a Pension Company within the meaning of the Building Societies (Designation of Pension Companies) Order 1987() which is an associated body of a building society within the meaning of section 18(17) of the Building Societies Act 1986;
(c)an institution authorised under Part I of the Banking Act 1987().”.
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