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20In section 32 of the Social Security Pensions Act 1975 (contracted-out schemes) the following subsection is added at the end—
“(7)An occupational pension scheme which—
(a)at any time before the coming into operation of the first regulations made under paragraph (a) of subsection (2) above did not satisfy that paragraph ; but
(b)would have satisfied it if those regulations had then been in operation ;
shall, for the purpose of determining whether the scheme satisfied that paragraph, be treated as if those regulations had been in operation at that time.”
21In section 61(2) of the Act of 1975 (duty of Secretary of State to refer proposed regulations to the Occupational Pensions Board) after the words "other than" there are inserted the words " regulations under section 51A(10) above ".
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