Removal of references to the PPF Ombudsman levy2.
(1)
The Levies Regulations are amended in accordance with this regulation (see also regulations 3 and 4 which make further amendments).
(2)
In regulation 2 (interpretation), omit the definition of “the PPF Ombudsman levy”.
(3)
For the heading to Part 2 substitute “
ADMINISTRATION LEVY
”
.
(4)
Omit regulation 3 (meaning of “the levies” in Part 2).
(5)
In regulation 4 (liability for the levies)—
(a)
for the heading substitute “
Liability for the administration levy
”
;
(b)
omit paragraph (2);
(c)
in paragraph (3), for “Subject to paragraph (4), the levies are” substitute “
The administration levy is
”
;
(d)
omit paragraph (4) M1;
(e)
in paragraph (5), for “The levies in respect of a financial year are” substitute “
The administration levy in respect of a financial year is
”
; and
(f)
in paragraph (6), for “the levies are” substitute “
the administration levy is
”
.
(6)
In regulation 5(1)
(the reference day), for “each of the levies” substitute “
the administration levy
”
.
(7)
In regulation 7(2)
(schemes eligible for only part of the financial year), for “each of the levies” substitute “
the administration levy
”
.
(8)
In regulation 13(1) M2 (meaning of “the levies” in Part 4), omit “, the PPF Ombudsman levy”.
(9)
In regulation 18(4) M3 (avoidance of double liability: schemes in Northern Ireland), omit sub-paragraph (b).