The Occupational and Personal Pension Schemes (Amendment etc.) (Northern Ireland) (EU Exit) Regulations 2018

Amendment of the Pensions (Northern Ireland) Order 2005

5.—(1) The Pensions (Northern Ireland) Order 2005(1) is amended as follows.

(2) In Article 68 (inspection of premises), in paragraph (2)(a), in the list of provisions—

(a) in the parenthetical description of Article 230, for “non-European” substitute “non-UK”;

(b) omit “Part VII (cross-border activities within European Union);”.

(3) In Article 82 (other permitted disclosures), for paragraph (2)(h) substitute—

“(h) in pursuance of retained EU law.”.

(4) In Article 183 (other permitted disclosures), for paragraph (2)(g) substitute—

“(g) in pursuance of retained EU law.”.

(5) In Article 226A (requirement for internal controls)(2), omit paragraph (4).

(6) In Article 230 (non-European scheme to be trust with UK-resident trustee)(3)—

(a) in the heading, for “Non-European” substitute “Non-UK”;

(b) in paragraphs (1) and (6), for “EEA states” substitute “United Kingdom”.

(7) In Article 231 (representative of non-European scheme to be treated as trustee)(4)—

(a) in the heading, for “non-European” substitute “non-UK”;

(b) in paragraph (1), for “EEA states” substitute “United Kingdom”.

(8) Omit Part 7 (cross-border activities within European Union)(5).

(9) In Article 280(2) (modification of this Order in relation to certain categories of schemes) omit sub-paragraph (e) and the “and” before it.

(10) In Schedule 3 (restricted information held by the Regulator) and Schedule 7 (restricted information held by the Board)(6), in the entry in the table relating to a recognised investment exchange, in the first column omit “, EEA central counterparty” and “, EEA CSD”.

(1)

S.I. 2005/255 (N.I. 1).

(2)

Article 226A was inserted by regulation 2 of S.R. 2005 No. 567.

(3)

Article 230(1) and (6) was amended by regulation 5(2) of S.R. 2007 No. 457.

(4)

Article 231(1) was amended by regulation 5(3) of S.R. 2007 No. 457.

(5)

Part 7 was amended by regulation 5(4) to (10) of S.R. 2007 No. 457, paragraph 33 of Schedule 2 to the Pension Schemes Act (Northern Ireland) 2016 (c. 1 (N.I.)) and regulation 2 of S.R. 2018 No. 182.

(6)

Schedules 3 and 7 were amended by paragraph 28 of the Schedule to S.I. 2017/1064; there are other amendments but none is relevant.