Amendment of regulation 6C of the 2005 Regulations
This section has no associated Explanatory Memorandum
9. In regulation 6C(2) of the 2005 Regulations (withdrawal arrangements)(1)—
(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.”.
(1)
Regulation 6C was inserted by S.I. 2008/731.