(1) In regulation A1 of the principal Regulations, at the end there shall be added the words “and regulations P5(2) and P15(1A) shall have effect as from 1st April 1986” .
(2) In regulation A4 of the principal Regulations—
(a) in paragraph (1)(b) after the words “Local Government Superannuation Regulations 1974” there shall be inserted “or the Local Government Superannuation Regulations 1986”( )
(b) in the third line of paragraph (2) the words “to 1970” shall be deleted.
(3) Regulation P5 of the principal Regulations shall be renumbered as regulation P5(1) and at the end of it there shall be added the following paragraph:—
(2) An administering authority may pay out of monies forming part of a superannuation fund any costs, charges and expenses incurred by them in administering the fund.
(4) In regulation P15(1)(e) of the principal Regulations, before the words “a contribution” there shall be inserted the words “except where paragraph (1A) applies,” .
(5) In regulation P15 of the principal Regulations, after paragraph (1) there shall be inserted the following paragraph:—
(1A) A scheduled body who are not an administering authority shall not be required to pay to an administering authority a contribution towards the cost of administering a fund where that cost is, under regulation P5(2), paid out of monies forming part of the fund.