2. In regulation 3 M1 (modifications of s.73(3) etc.)—E+W+S
(a)in the heading, at the end add “ for schemes beginning to be wound up before 6th April 2005 ”;
(b)in paragraph (1) after “Section 73(3) applies” insert “ if the scheme begins to be wound up before 6th April 2005 ”;
(c)in paragraph (1)(b) omit “and before the expiry of the transitional period”;
(d)omit paragraphs (1)(c), (2) and (7);
(e)in paragraph (8), as it applies where regulation 3(d) of the Occupational Pension Schemes (Winding Up) (Amendment) Regulations 2004 M2 (which substitutes a new paragraph (8) in regulation 3) does not apply, omit “and 8(4)”; and
(f)after paragraph (8) add—
“(9) Paragraph (8) does not apply where regulation 7(3)(b)(iv) of the Occupational Pension Schemes (Transfer Values) Regulations 1996 applies with the amendments in regulation 15 of the Occupational Pension Schemes (Winding up etc.) Regulations 2005.”.