M3.—(1) These regulations apply to exiting contributors, with the substitution for paragraph 6 of Schedule M1 of the paragraph set out in Part I of Schedule M3.
(2) These regulations apply to both existing and former contributors—
(a)subject to the modifications in Part II of Schedule M3, and
(b)with the substitution for Schedule H1 to these regulations of the Schedule set out in Part III of Schedule M3.
(3) In this paragraph and that Schedule, unless the context otherwise requires, “existing contributor”, “former contributor”, and “the local Act superannuation provisions” have the same meaning as in the Local Government Superannuation (City of London) Regulations 1977(1) .