Basic Benefits Regulation

5 2.1.2.2 pays his/her Membership Contributions as provided for in the Master Regulations; and 2.1.2.3 qualifies as a Member in Good Standing for purposes of the Basic Ancillary Benefits in terms of these Basic Benefits Regulations. 2.2 These regulations are titled ' Basic Benefits Regulations ' as envisaged in Annexe B.5 of the Master Regulations. 3. Important Provisions 3.1 To the extent that the Consumer Protection Act applies to these Basic Benefits Regulations, the Trust has a duty to point out certain important provisions in these Basic Benefits Regulations. The clauses which contain these important provisions and reasons why they are important are set out below. 3.1.1 Limitation of risk, legal responsibilities and liability 3.1.1.1 Regulation 6.3.2.2.6, regulation 6.3.3.4.2, regulation 6.3.3.5.4 and regulation 6.3.4.2.4 are important because they limit and exclude obligations, liabilities and legal responsibilities that the Trust and other persons or entities may otherwise have to a Member. 3.1.1.2 As a result of these clauses, a Member's rights and/or remedies against the Trust and these other persons and entities are limited and excluded. These clauses also limit and exclude a Member's right to recover or make claims for losses, damages, liability or harm a Member or others may suffer. 3.1.2 Assumptions of risk, legal responsibilities and liabilities of and by a Member 3.1.2.1 Regulation 6.2.3, regulation 6.3.2.2.5, regulation 6.3.3.5.4, regulation 6.3.4.2.4 and regulation 6.3.4.4.5 are important because a Member takes on risk, legal responsibilities and liability. 3.1.2.2 As a result of these clauses, a Member may also be responsible for claims and other amounts.