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17.—(1) Regulation 9 (member agreement for services)(1) is amended as follows.
(2) In paragraph (1), after “Subject to paragraph (3),” insert “in the case of a member of a relevant scheme (that is not a collective money purchase scheme),”.
(3) After paragraph (1), insert—
“(1A) Subject to paragraph (3), in the case of the members of a relevant scheme (that is a qualifying collective money purchase scheme), the restrictions in regulation 4 (with the exception of regulation 4(1A)) do not apply in relation to advice or a service for which a member has entered into an agreement with a person for the provision of that advice or service, provided the conditions in paragraph (2) are satisfied.”.
(4) In paragraph (2)—
(a)for “paragraph (1)” substitute “paragraphs (1) and (1A)”;
(b)in sub-paragraph (b)(ii), after “default arrangement” insert “or under a qualifying collective money purchase scheme, as applicable”.
(5) In paragraph (4), at the end of sub-paragraph (e), omit the full-stop and insert—
“;
(f)a transfer out of a qualifying collective money purchase scheme into a different scheme;
(g)a transfer into a qualifying collective money purchase scheme.”.
Regulation 9 was amended by S.I. 2017/774.
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