Amendment of regulation 1410
1
Regulation 14 (charges etc.—permitted reductions in members’ rights) shall be amended as follows.
2
In paragraph (5)—
a
in sub-paragraph (c) for “are incurred” substitute—
(including any dilution levy) are incurred by the trustees or manager
b
after sub-paragraph (d) insert “
and
”
;
c
after sub-paragraph (e) omit “and”; and
d
omit sub-paragraph (f).
3
In paragraph (8) omit “costs or”.