Modifications etc. (not altering text)
C1Pt. 1 applied (with modifications) (temp. 1.7.2012 to 30.6.2020) by The Automatic Enrolment (Offshore Employment) Order 2012 (S.I. 2012/1388), art. 2 (with saving in art. 5)
(1)A hybrid scheme that has its main administration in the United Kingdom satisfies the quality requirement in relation to a jobholder if it satisfies the requirements mentioned in whichever of these is the appropriate paragraph—
(a)the requirements for a money purchase scheme under section 20, subject to any prescribed modifications;
(b)the requirements for a defined benefits scheme under sections 21 to [F123A], subject to any prescribed modifications.
(2)Which paragraph of subsection (1) is appropriate for any hybrid scheme is to be determined by rules made by the Secretary of State.
(3)The rules may provide for different paragraphs to be appropriate for different provisions of a scheme.
(4)The rules may provide for the paragraphs to be appropriate as alternatives, for any scheme or any provisions of a scheme.
Textual Amendments
F1Word in s. 24(1)(b) substituted (12.9.2014) by Pensions Act 2014 (c. 19), ss. 39(3), 56(1); S.I. 2014/2377, art. 2(1)(b)
Modifications etc. (not altering text)
C2S. 24 applied (with modifications) (1.7.2012) by The Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations (S.I. 2010/772), regs. 1(1) (as amended by S.I. 2012/1257, reg. 3(b)) and 45(5)(6)
Commencement Information
I1S. 24 wholly in force at 30.6.2012; s. 24 in force for certain purposes at Royal Assent see s. 149(2)(k); s. 24 in force so far as not already in force at 30.6.2012 by S.I. 2012/1682, art. 2(1)(2)(a), Sch. 1