Amendment of regulation 14E+W+S
10.—(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”.