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Amendment of section 55 of Principal Act.
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37.— Section 55 of the Principal Act is amended—
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(a) in subsection (1A) by inserting “which is not a regulatory own funds trust RAC” after “a small trust RAC”,
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(b) in subsection (2)(b) by inserting “other than a small scheme which is a regulatory own funds scheme” after “a small scheme” where it first occurs,
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(c) in subsection 2(d) by inserting “other than a small trust RAC which is a regulatory own funds trust RAC” after “a small trust RAC”, and
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(d) by inserting the following subsection after subsection (6):
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“(7) Subsections (3), (4), (5) and (6) shall not apply to a regulatory own funds scheme.”.
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