The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations (Northern Ireland) 2006

Prescribed exemptions from requirement to have member-nominated directors of corporate trustees N.I.

3.  For the purposes of Article 219(10) (requirement for member-nominated directors of corporate trustees) a scheme is of a prescribed description if the scheme—

(a) has fewer than two members;

(b) is a scheme to which Article 22 of the 1995 Order applies;

(c) is an occupational pension scheme within the meaning given by section 1 of the Pension Schemes Act, but which is not a registered pension scheme;

(d) is a relevant small occupational pension scheme;

(e) is a relevant centralised scheme;

(f) is a direct payment paid-up insurance scheme;

(g) is a former old code scheme;

(h) is a section 615(6) scheme;

(i) is established under section 48 of the Northern Ireland Act 1998, or which was established under Part II of the Ministerial Salaries and Members' Pensions Act (Northern Ireland) 1965 or Article 3 of the Assembly Pensions (Northern Ireland) Order 1976;

(j) is a stakeholder pension scheme within the meaning of Article 3 of the 1999 Order;

(k) is a scheme which is a relevant executive pension scheme in relation to the company;

(l) is a scheme where the sole director, or all the directors are independent within the meaning given by Article 23(3) of the 1995 Order;

(m) is a small insured scheme;

(n) is independent of the employer by virtue of the employer having been dissolved or liquidated prior to 6th April 2005, or

(o) is a scheme which is a relevant wholly insured scheme.

Commencement Information

I1 Reg. 3 in operation at 6.4.2006, immediately prior to the coming into operation of S.R. 2005/543, art.2(6), Sch. Pt. 6, see reg. 1(1)