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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022

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Changes over time for: Section 31

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There are currently no known outstanding effects for the The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022, Section 31. Help about Changes to Legislation

Continuity option 3: conversion to closed schemeE+W+S

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31.—(1) For the purposes of section 38(3) of the Act (continuity option 3: conversion to closed scheme), the notification to the Regulator under section 38(2) of the Act must be given before the end of 28 days beginning with the date on which the trustees consider that preparations for the conversion of the scheme into a closed scheme are complete.

(2) Preparations for the conversion of the scheme into a closed scheme are not complete unless the steps identified in the implementation strategy, in order to carry out continuity option 3, are complete.

Commencement Information

I1Reg. 31 in force at 1.8.2022, see reg. 1(3)

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