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88B: Clause 40, page 46, line 22, at end insert— “(6A) Regulations under this section may not have the effect of requiring, as a condition of a scheme’s approval under subsection (1)— (a) more than 10% (by value) of the assets held in default funds of the scheme as a whole to be qualifying assets, or (b) more than 5% (by value) of the assets so held to be of a UK-specific description. (6B) In subsection (6A)(b) “UK-specific description” means a description framed by reference to whether an asset is located in the United Kingdom or meets any other condition linked to economic activity in the United Kingdom.”