Section 55 of the Principal Act is amended -

(a) by the substitution in paragraph (b) of subsection (2) of "1997, or" for "1997.";

(b) by the insertion after paragraph (b) of subsection (2) of the following paragraph:

"(c) to such extent as may be prescribed, a scheme the winding up of which has commenced."; and

(c) by the insertion after subsection (2) of the following subsections -

"(3) Where an actuarial funding certificate having an effective date after 1 January 2001 has been prepared under section 42 in relation to a scheme each annual report prepared under subsection (1) which relates to a period ending on a day which falls after the effective date of that actuarial funding certificate shall, unless subsection (4) applies to it, include a statement by an actuary in such form as may be prescribed as to whether he is reasonably satisfied that, if he were to prepare under section 42 an actuarial funding certificate having an effective date of the last day of the period to which the annual report relates, he would certify that the scheme satisfies the funding standard provided for in section 44.