(1) The Personal Pension Schemes (Compensation) Regulations 1988 are amended as follows.
(2) In regulation 2 (application of regulations) -
(a) in paragraph (a) [Paragraph (a) was substituted by S.I. 2001/3649, article 394(1).] for "regulation 2(1)(a)" substitute "regulation 2(2)(a)"; and
(b) in paragraph (d) [Paragraph (d) was substituted by S.I. 2001/3649, article 394(4).] for "regulation 2(1)(c)" substitute "regulation 2(2)(c)".
(3) In regulation 3 (requirements to be complied with by liable schemes in event of insolvency), in paragraph (1) and paragraph (3) [Paragraphs (1) and (3) were was substituted by S.I. 2001/3649, article 395(4).] for "regulation 2(1)" (in each place it appears) substitute "regulation 2(2)".