Section 42 of the Principal Act is amended -

(a) in subsection (3) -

(i) by the substitution for "the commencement of this Part" of "1 June 2002"; and

(ii) by the insertion after "section 43" of "having an effective date after 1 June 2002";

and

(b) by the substitution for subsection (4) of the following subsection:

"(4) Regulations under this section may -

(a) prescribe the form and content of an actuarial funding certificate, and

(b) require the actuary, in completing an actuarial funding certificate, to comply with the applicable professional guidance issued by the Society of Actuaries in Ireland and specified in the regulations or with any other applicable guidance issued by any other person (including the Minister) and specified in the regulations.".