(1) This Part applies to a regulatory own funds scheme and a regulatory own funds trust RAC other than -
(a) a scheme which the Minister has by regulations made under section 52 excluded from the application of Part IV,
(b) a scheme which is a statutory scheme to which section 776 of the Taxes Consolidation Act 1997 applies and where benefits are paid in whole or in part out of moneys provided from the Central Fund or moneys provided by the Oireachtas and the rules of which provide that an appeal may be made to a Minister of the Government,
(c) a scheme or trust RAC the winding up of which has commenced,
(d) [deleted]
(e) a scheme or trust RAC the only benefits under which are payable in respect of the death of a member where those benefits are fully secured under a policy or policies of assurance with one or more than one undertaking.
(2) Notwithstanding the amendment of this section by the European Union (Occupational Pension Schemes) Regulations 2021 (S.I. No. 128 of 2021), as respe
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