The Pensions (1995 Order) (Commencement No. 5) Order (Northern Ireland) 1996

Explanatory Note

(This note is not part of the Order)

This Order provides for the coming into operation of further provisions of the Pensions (Northern Ireland) Order 1995 (“ Order” 19th November 1996.

It commences provisions for the purpose only of authorising the making of regulations relating to the issue of orders by the Occupational Pensions Regulatory Authority (“the Authority”) prohibiting the appointment of trustees, the discharge of liabilities by insurance, etc., levies towards meeting certain expenditure and the disclosure of information to the Authority and the Pensions Compensation Board.

It also brings fully into operation Articles 115 and 122(2) to (4), which relate to powers to modify Part II of the Order.