5. Regulation 9 of the principal Regulations is amended —(a)  by deleting paragraphs (2) and (3) and substituting the following paragraphs:“(2) Where 2 members of the Fund who are parties to a marriage have set aside jointly an amount which is 1.5 times the minimum sum in accordance with regulation 7, the amount which each of them may be paid from the amount they have set aside jointly shall be determined in the following manner:(a)  in the case where one member (referred to in this paragraph as the first member) attained the age of 55 years before 1st July 2004 and the other member (referred to in this paragraph as the second member) attained the age of 55 years on or after 1st July 2004 —(i)  the amount which the second member may be paid on the date he attains the applicable age, and at every monthly interval thereafter, shall be the amount computed in accordance with the formula set out in the second or third column of the Second Schedule, or the amount set out in the second column of the Third Schedule, as the case may be; and  (ii)  the amount which the first member may be paid on the date he attains —(A)  the age of 60 years, if he attained the age of 55 years before 1st January 1999 or is exempted under paragraph 3(e), (o) to (s), (w), (x) or (z) of the Retirement Age (Exemption) Notification (Cap. 274A, N 1); or  (B)  the age of 62 years, 
and at every monthly interval thereafter, shall be determined by the Board after taking into consideration the written law relating to the minimum sum to be set aside by him; and 

 (b)  in the case where both members attain the age of 55 years on or after 1st July 2004, the amount which each of them may be paid on the date which each attains the applicable age, and at every monthly interval thereafter, shall be the amount computed in accordance with the formula set out in the second or third column of the Second Schedule, or the amount set out in the second column of the Third Schedule, as the case may be. 

(3) Where 2 members of the Fund who are parties to a marriage have set aside jointly an amount which is 1.5 times the minimum sum in accordance with regulation 7, and either member dies or the members are divorced —(a)  in the case where one member (referred to in this paragraph as the first member) attained the age of 55 years before 1st July 2004 and the other member (referred to in this paragraph as the second member) attained the age of 55 years on or after 1st July 2004 —(i)  the amount which the surviving or divorced second member may be paid from the amount set aside by him on the date he attains the applicable age, and at every monthly interval thereafter, shall be the amount computed in accordance with the formula set out in the second or third column of the Second Schedule, or the amount set out in the second column of the Third Schedule, as the case may be; and  (ii)  the amount which the surviving or divorced first member may be paid from the amount set aside by him as the minimum sum on the date he attains —(A)  the age of 60 years, if he attained the age of 55 years before 1st January 1999 or is exempted under paragraph 3(e), (o) to (s), (w), (x) or (z) of the Retirement Age (Exemption) Notification (Cap. 274A, N 1); or  (B)  the age of 62 years, 
and at every monthly interval thereafter, shall be determined by the Board after taking into consideration the written law relating to the minimum sum to be set aside by him; and 

 (b)  in the case where both members attain the age of 55 years on or after 1st July 2004, the amount which the surviving or each divorced member may be paid from the amount set aside by him as the minimum sum on the date he attains the applicable age, and at every monthly interval thereafter, shall be the amount computed in accordance with the formula set out in the second or third column of the Second Schedule, or the amount set out in the second column of the Third Schedule, as the case may be.”; and 


 (b)  by deleting paragraph (6). 
