Amendment of regulation 4 of the Principal Regulations

3.  In Regulation 4 (expenses to which the Scheme applies) of the Principal Regulations, after paragraph (2) insert—

(2A) For the purposes of paragraph (2)(a) (and with effect from 1st May 2014), loss or damage to property which occurred on or after 1st April 1999 and before 1st May 2014 and which—

(a)before 1st May 2014 was not loss or damage to property of a member or for which a member was responsible in the course of a relevant function; but

(b)would have been loss or damage to property of a member or for which a member was responsible in the course of a relevant function, had the change to the definition of “relevant function” in regulation 1(2) that was made on 1st May 2014 been made before the loss or damage occurred,

is loss or damage to property of a member or for which a member was responsible in the course of a relevant function..