Section 43 of the Principal Act is amended -

(a) in subsection (1) by substituting "and, subject to subsections (1A) and (1B)" for "and, subject to subsection (1A)",

(b) by inserting the following subsections after subsection (1A):

"(1B) Notwithstanding subsections (1) and (1A) and subject to section 53M, in the case of a relevant scheme which is a regulatory own funds scheme an actuarial funding certificate shall be submitted to the Board having an effective date of:

(a) in the case of a relevant scheme which on 23 September 2010 was a regulatory own funds scheme, not later than 6 months after the date on which Chapter 2 of Part 4 of the Social Welfare and Pensions Act 2011 comes into operation;

(b) in the case of a relevant scheme which commences after 23 September 2010 and which from the relevant scheme's commencement is a regulatory own funds scheme -

(i) not later than 4 weeks after the date of commencement of the relevant scheme, or

(ii) not later than 4 weeks after the date on which Chapter 2 of Part 4 of the Social Welfare and Pensions Act 2011 comes into operation,

whichever is the later;

(c) in the case of a relevant scheme which at its commencement was not a regulatory own funds scheme but becomes a regulatory own funds scheme after 23 September 2010 -