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4.—(1) The amendments to the Pension Scheme specified in Part I of the Schedule shall have effect.
(2) Between the coming into force of these Regulations and the transfer date the Pension Scheme shall have effect as if any provision of an old scheme which requires or has the effect of requiring that any discretion in that scheme to apply particular features of it to or in respect of a by-analogy member shall be exercised by the Secretary of State and the Treasury were a provision of the Pension Scheme.
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