2.—(1) Subject to these Rules, a member may, by executing a memorandum in Form A, 1A, 2A, 3A, 4A or 5A set out in the Schedule, nominate any person to receive the whole or any portion of —
(a)
the amount payable on the death of the member out of the Fund under section 20(1) of the Act; or
(b)
any shares designated under section 26(1) of the Act.
(2) Every nomination made under paragraph (1) shall —
(a)
be signed by the member in the presence of 2 witnesses; and
(b)
contain an attestation by those witnesses to the signature of the member.