(1) Subject to paragraphs (2) and (3), the principal Regulations shall be amended—
(a) in regulation B3(8), by deleting sub-paragraphs (c) and (d); and
(b) by deleting regulation B4.
(2) Subject to paragraph (3), where an administering authority has made an admission agreement under regulation B3 of the principal Regulations at any time before 1st January 1994 with a body (“the employing body”) which immediately before that date is either —
(a) specified in regulation B3(8)(c) or (d), or
(b) deemed to be specified in regulation B3(8) by virtue of regulation B4 of the principal Regulations, it shall continue to be treated as an admission agreement for the purposes of the principal Regulations.
(3) Where
(a) immediately before 1st January 1994 the employing body is a company under the control of a body described in column (1) of Part I of Schedule 2, and
(b) on or after 1st January 1994 the employing body ceases to be a company under the control of a body so described, the admission agreement shall cease to have effect at the time the employing body ceases to be a company under the control of a body so described and any employee of the employing body shall no longer be entitled to participate in the benefits of the superannuation fund maintained by the administering authority with whom the agreement was made and, accordingly, shall no longer be an admitted employee. Appropriate superannuation fund