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Pension Schemes Act 2021

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Changes over time for: Cross Heading: Reasonableness of issuing contribution notice

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Point in time view as at 06/04/2024.

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There are currently no known outstanding effects for the Pension Schemes Act 2021, Cross Heading: Reasonableness of issuing contribution notice. Help about Changes to Legislation

Reasonableness of issuing contribution noticeN.I.

3(1)Article 34 (contribution notices where avoidance of employer debt) is amended as follows.N.I.

(2)In paragraph (7) (matters that may be relevant to imposing liability), after sub-paragraph (d) insert—

(da)if the act or failure to act was a notifiable event for the purposes of Article 64A (duty to give notices and statements to the Regulator in respect of certain events), any failure by the person to comply with any obligation imposed on the person by Article 64A,.

(3)In paragraph (7), after sub-paragraph (eb) insert—

(ec)the effect of the act or failure to act on the value of the assets or liabilities of the scheme or any relevant transferee scheme,.

(4)After paragraph (7A) insert—

(7B)In paragraph (7)(ec) “relevant transferee scheme” and the reference to the assets or liabilities of any relevant transferee scheme have the same meaning as in Article 34A.

Commencement Information

I1Sch. 8 para. 3(1) in force at 1.10.2021 for specified purposes by S.R. 2021/271, art. 2(3)(a) (with art. 3(1)(2))

I2Sch. 8 para. 3(3)(4) in force at 1.10.2021 by S.R. 2021/271, art. 2(3)(a) (with art. 3(1)(2))

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