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Amendment of section 54 of Principal Act.
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36.— Section 54 of the Principal Act is amended—
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(a) in subsection (1)(ca), by inserting “or regulatory own funds trust RAC” after “in relation to the scheme”,
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(b) in subsection (2) by inserting “which is not a regulatory own funds trust RAC” after “other than a small trust RAC”,
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(c) in subsection (4)(ab) by inserting “or regulatory own funds trust RAC” after “actuary of a scheme”,
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(d) in subsection (4)(b) by substituting “The actuary to a scheme or to a regulatory own funds trust RAC or the auditor of a scheme or trust RAC may request” for “The actuary to or the auditor of a scheme or the auditor of a trust RAC may request”, and
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(e) by substituting the following subsection for subsection (7):
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“(7) Subsections (1) to (6) do not apply to a small trust RAC, other than a small trust RAC which is a regulatory own funds trust RAC, but the trustees of a small trust RAC other than a small trust RAC which is a regulatory own funds trust RAC shall furnish to the Board such statistical information as is prescribed for the purposes of this subsection.”.
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