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

http://www.legislation.gov.uk/uksi/2022/255/regulation/31The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022enPENSIONSStatute Law Database2024-11-11Expert Participation2024-10-01These Regulations implement the new authorisation and supervisory regime for collective money purchase schemes under Part 1 of the Pension Schemes Act 2021 (c. 1) (“the Act”). They also make provision for amendments to secondary legislation in relation to schemes providing collective money purchase benefits.The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022PART 6Triggering events and continuity optionsContinuity option 3: conversion to closed scheme31.(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.

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in force at 1.8.2022, see
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<p>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.</p>
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