(1) The rules of law and equity relating to perpetuities, inalienability and accumulations and the provisions of the Accumulations Act, 1892, shall not apply and shall be deemed never to have applied to any trust to which this section applies.
(2) Subject to subsection (3), this section shall apply to -
(a) any trust which as created had or subsequently has as its main purpose the provision of relevant benefits within the meaning of section 13(1) of the Finance Act, 1972, and which is capable of receiving approval under Chapter II of Part I of that Act, and
(b) any trust which is also an occupational pension scheme notwithstanding that it may cease to be an occupational pension scheme.
(3) This section shall not apply to any trust the resources of which have, whether in whole or in part, been returned before the passing of the Pensions (Amendment) Act, 1996, by reason of the rules or provisions referred to in subsection (1).
(4) The persons (if any) having the power to amend a trust to
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