Sch 2 para 10
(1) Section 17 shall be amended as follows. (2) In subsection (4)— (a) at the beginning there shall be inserted “ Subject to subsection (4A) below, ” , and (b) for “was a United Kingdom policy at the relevant time as defined by section 16(6) above” there shall be substituted “ is a qualifying policy ” . (3) After that subsection there shall be inserted— (4A) The duty of the Board under subsection (4) above shall not apply if the policy does not relate to a protected commitment.