S.L. 371.9 Art. 30Deferral of Contributions.

(1) The competent authority may defer, in whole or in part, a member’s obligation to pay a contribution if the competent authority considers that such contributions would jeopardise the liquidity or solvency of the member. Such deferral shall not be granted for a longer period than six months but may be renewed upon request of the member.

(2) Any contributions deferred pursuant to sub-regulation (1) shall be paid when the payment no longer jeopardises the liquidity and solvency of the member.

(3) Any such deferral shall suspend the period of prescription set out in regulation 29(9).