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The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2010

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).

Amendment of the Pension Protection Fund (Entry Rules) Regulations

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3.—(1) The Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005(1) are amended in accordance with paragraphs (2) and (3).

(2) In regulation 1(4)(2) (interpretation)—

(a)in sub-paragraphs (a) and (b) for “C or D” substitute “C, D or E”;

(b)in sub-paragraph (a) after head (iv) add—

“(v)condition E is that—

(aa)there is a restructuring within regulation 6ZB or 6ZC of the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 (employment-cessation events: exemptions);

(bb)in that restructuring, the employer was the exiting employer for the purposes of those Regulations (see the definition of “exiting employer” in regulation 2(3A) of those Regulations), and

(cc)regulation 6ZA(3) or (4) of those Regulations (employment-cessation events: general) does not apply in relation to that restructuring;”;

(c)in sub-paragraph (b) after head (iv) add—

“(v)condition E is that—

(aa)there is a restructuring within regulation 6ZB or 6ZC of the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005;

(bb)in that restructuring, the employer was the exiting employer for the purposes of those Regulations (see the definition of “exiting employer” in regulation 2(3A) of those Regulations), and

(cc)regulation 6ZA(3) or (4) of those Regulations does not apply in relation to that restructuring.”.

(3) In regulation 2(4)(3) (schemes which are not eligible schemes) after sub-paragraph (d) add—

“(e)a restructuring within regulation 6ZB or 6ZC of those Regulations (employment-cessation events: exemptions).”.

(1)

S.R. 2005 No. 126; relevant amending Regulations are S.R. 2005 No. 357 and S.R. 2008 No. 132

(2)

Paragraph (4) was substituted by regulation 4(b) of S.R. 2005 No. 357

(3)

Paragraph (4) was substituted by regulation 18 of S.R. 2008 No. 132

Yn ôl i’r brig

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