S.L. 318.22 Art. 11Interest.

(1) Interest shall accrue on the cash equivalent of the transferor’s transferable rights in respect of the period beginning on the quotation date and ending on the day on which an amount in respect of that cash equivalent is transferred by virtue of regulation 8(2).

(2) Interest shall accrue under sub-regulation (1) at an annual rate to be determined by the Director based on actuarial analysis.