Clause 17

by inserting, immediately after the words “member of the Fund” in subsection (1), the words “who is at least 16 years of age”;

by inserting, immediately after subsection (1H), the following subsection:“(1I) Notwithstanding subsection (1), where any member of the Fund, by a memorandum executed before 1st February 2012 in the prescribed manner but while the member was below the age of 21 years, purportedly nominated any person to receive in his own right any portion of the amount payable on the member’s death out of the Fund, or any portion of any shares designated under section 26(1) —

the memorandum shall be deemed to be and always to have been validly executed;

the nomination shall be deemed to be and always to have been validly made; and

no legal proceedings shall lie or be instituted or maintained in any court of law on account of or in respect of the memorandum or nomination.”; and

by inserting, immediately after subsection (6), the following subsection:“(6A) A member of the Fund who is at least 16 years of age may, when executing a memorandum under subsection (1), consent to the disclosure by the Board, after the member’s death, to such persons as the member may specify in the memorandum, of any information relating to —

the memorandum; and

the member’s accounts in the Fund.”.