PART 2Amendment of the FAS Regulations

Amendment of regulation 45

In regulation 4(2) (application of Parts 1 and 2 of the Act)—

a

for paragraph (ba) substitute—

ba

section 113 (investment of funds);

bb

section 114 (investment principles);

bc

section 115 (borrowing);

bd

section 117 (administration levy);

be

section 119 (annual reports to Secretary of State);

bf

section 134 (directions);

b

after paragraph (d)—

i

omit “and”; and

ii

insert—

da

Schedule 5 (the Board of the Pension Protection Fund); and