Clause 4

by deleting paragraph (a) of subsection (7C) and substituting the following paragraph:“(a)the Board shall restore to the member’s account in the Fund from which the transferred amount had been transferred, or transfer to such other account in the Fund of the member as may be prescribed in any regulations made under section 77(1), that amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made), if the Board is satisfied that the member was still alive at the time of the transfer;”;

by deleting the words “the Board shall restore the latter amount (including interest) to the member’s account in the Fund from which that amount had been transferred” in subsection (7C)(b)(i) and substituting the words “the Board shall restore the latter amount (including interest, if any) to the member’s account in the Fund from which that amount had been transferred, or transfer that latter amount (including interest, if any) to such other account in the Fund of the member as may be prescribed in any regulations made under section 77(1)”;

by inserting, immediately after the words “the member’s account in the Fund from which that amount had been transferred” in subsection (7C)(b)(ii), the words “, or transfer that former amount to such other account in the Fund of the member as may be prescribed in any regulations made under section 77(1)”;

by deleting paragraph (c) of subsection (7C) and substituting the following paragraph:“(c)in such other circumstances as may be prescribed in any regulations made under section 77(1), the Board may restore to the member’s account in the Fund from which the transferred amount had been transferred, or transfer to such other account in the Fund of the member as may be prescribed in those regulations, the whole or any part of that amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made).”; and

by deleting subsection (7D) and substituting the following subsection:“(7D) Where the Board has transferred any amount standing to a member’s credit in the Fund to his ordinary account under subsection (7A)(b) or to the general moneys of the Fund under subsection (7B)(b) or any regulations made under section 77(1), the Board may restore to the member’s account in the Fund from which that amount had been transferred, or transfer to such other account in the Fund of the member as may be prescribed in those regulations, the whole or any part of that amount (including the whole or such part, as the Board may determine, of any interest that would have been payable thereon if the transfer had not been made) in such circumstances as may be prescribed in those regulations.”.