PART 2Amendment of the FAS Regulations

Amendment of regulation 4

5.  In regulation 4(2) (application of Parts 1 and 2 of the Act)—

(a)for paragraph (ba) substitute—

(ba)section 113 (investment of funds);

(bb)section 114 (investment principles);

(bc)section 115 (borrowing);

(bd)section 117 (administration levy);

(be)section 119 (annual reports to Secretary of State);

(bf)section 134 (directions);; and

(b)after paragraph (d)—

(i)omit “and”; and

(ii)insert—

(da)Schedule 5 (the Board of the Pension Protection Fund); and.