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7. In paragraph (2) of regulation 19, for “P is employed in an accepted school in which P has a financial interest” substitute—
“(a)P is employed in an accepted school in which P has a financial interest;
(b)P is a full protection member of the existing scheme;
(c)P is a tapered protection member of the existing scheme; or
(d)P satisfies the conditions in regulation 7(10) of the existing scheme regulations.”.
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