PART 2Amendment of the FAS Regulations
Amendment of provisions for payment by instalment17
1
In regulation 19(1) (time and manner of payment: general provisions) for the words “in equal monthly instalments” to the end substitute “in instalments of no more than 52 in a year on a day specified by the scheme manager for the making of such payments to that beneficiary.”.
2
In—
a
regulation 17(3A)(b) and (5A)(a) and (b);
b
regulation 17A(5)(a) and (b);
c
regulation 17B(7)(a)(i) and (b)(i) and (11);
d
regulation 18(4)(b), (7)(a)(i) and (b)(i) and (9A);
e
regulation 19(3) and (4); and
f
regulation 20(1) and (2),
omit “monthly”.
3
In—
a
regulation 17(5);
b
regulation 17A(4); and
c
regulation 19(2),
for “a monthly instalment” substitute “an instalment”.