Amendment of provisions for payment by instalment
This section has no associated Explanatory Memorandum
17.—(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”.