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Repeal.
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47.—(1) Section 56 of the Pensions Act is hereby amended by the substitution for subsection (3) of the following subsection:
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“(3) For the purposes of this Act a person shall not be qualified for appointment as auditor of a scheme—
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(a) unless he is qualified to be appointed as an auditor of a company in accordance with the Companies Acts, 1963 to 1990, or
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(b) if he is a member of a class of persons standing prescribed for the time being for the purposes of this section.”.
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(2) Subsection (4A) (inserted by section 59 of the Act of 1992) of section 56 of the Pensions Act is hereby repealed.
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