242. The reporting requirement.

The reporting requirement is satisfied1 in relation to the exercise of a power to which the subsisting rights provisions2 apply to make a regulated modification3 if the trustees have4: (1) notified each affected member5 in whose case the consent requirements6 apply in respect of the modification; and (2) taken all reasonable steps to notify each affected member in whose case the actuarial equivalence requirements7 apply in respect of the modification, that they have made a determination, or given their consent