Regulation C1 of the principal Regulations shall be amended–
(a) in paragraph (5A) by substituting for the words from the beginning to “London Residuary Body” the words Subject to paragraph (9), in relation to a pensionable employee of a further education corporation, a higher education corporation, a designated institution or the governing body of a grant– maintained school, the appropriate superannuation fund is–
(a) in the case of an institution or school formerly assisted or maintained by the Inner London Education Authority, or a corporation which has been established for the purpose of conducting an institution or school formerly assisted or maintained by that Authority, the fund maintained by the London Pensions Fund Authority;
(b) by inserting after paragraph (5A) the following paragraph–
(5B) For the purposes of paragraph (5A),–
(a) a further education corporation and a higher education corporation shall be treated as situated where the institution conducted by the corporation is situated; and
(b) “assisted” and “maintained”, in relation to an institution or school, have the same meaning as in the Education Act 1944.
(c) in paragraph (9) by inserting after the words “where paragraph” the words “(5A)(a) or”.