- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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The Occupational Pension Schemes (Scheme Administration) Regulations 1996
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There are currently no known outstanding effects for the The Occupational Pension Schemes (Scheme Administration) Regulations 1996, Section 15.
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Employer to make payments of benefits into a separate accountE+W+S
15.—[F1(1)] An employer is required, in cases where payments of benefits to members of trust schemes are made by him, to make into a separate account kept by him at a [F2deposit taker], any payment of benefit which has not been made to a member within 2 business days from the date of receipt by the employer.
[F3(2) (a) In this regulation “deposit taker” means—
(i)a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits; F4...
F4(ii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)sub-paragraph (a) must be read with—
(i)section 22 of the Financial Services and Markets Act 2000,
(ii)any relevant order under that section, and
(iii)Schedule 2 to that Act.]
Textual Amendments
F1 Reg. 15(1) : reg. 15 renumbered as reg. 15(1) (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649) , arts. 1 , 531(2) , reg. 1
F2 Words in reg. 15(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649) , arts. 1 , 531(3) , reg. 1
F3Reg. 15(2) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 531(4), reg. 1
F4Reg. 15(2)(a)(ii) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 10(4); 2020 c. 1, Sch. 5 para. 1(1)
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