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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 June 2011 - onwards

36. Amendment of section 54 of Principal Act.

Section 54 of the Principal Act is amended -

(a) in subsection (1)(ca), by inserting "or regulatory own funds trust RAC" after "in relation to the scheme",

(b) in subsection (2) by inserting "which is not a regulatory own funds trust RAC" after "other than a small trust RAC",

(c) in subsection (4)(ab) by inserting "or regulatory own funds trust RAC" after "actuary of a scheme",

(d) in subsection (4)(b) by substituting "The actuary to a scheme or to a regulatory own funds trust RAC or the auditor of a scheme or trust RAC may request" for "The actuary to or the auditor of a scheme or the auditor of a trust RAC may request", and

(e) by substituting the following subsection for subsection (7):

"(7) Subsections (1) to (6) do not apply to a small trust RAC, other than a small trust RAC which is a regulatory own funds trust RAC, but the trustees of a small trust RAC other than a small trust RAC which is a regulatory own funds trust RAC shall furnish to the Board such statistical information as is prescribed for the purposes of this subsection.".