Amendment of regulation 6C of the 2005 Regulations9

In regulation 6C(2) of the 2005 Regulations (withdrawal arrangements)17—

a

for “When the” substitute “Where a”, and

b

for sub-paragraph (b) substitute—

b

section 75(4) of the 1995 Act shall apply as if amount B is treated as a debt due from the guarantors at the guarantee time for which (if there is more than one guarantor) they are jointly liable or, if the withdrawal arrangement so provides, jointly and severally liable.