The Occupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) Regulations 2005

Regulation 21

SCHEDULE 1 E+W+S Amendment of the Reviewable Matters Regulations

Column 1	Column 2
Paragraph of Schedule 9 to the Act which specifies the failure	Prescribed period
“17.   Paragraph 20”	“17.   The period beginning with the 22nd day after the settlement date as determined by the Board under section 184(2) until the Board makes fraud compensation payments under section 182(1).”
“18.   Paragraph 21”	“18.   In respect of a notice under— (a) section 183(2)(a) (scheme rescue is not possible) the period beginning with the 15th day after the Board is able to confirm, in accordance with section 183(2)(a), that a scheme rescue is not possible until the Board issues a notice under section 183(2); (b) section 183(2)(b) (scheme rescue has occurred) the period beginning with the 15th day after the Board is able to confirm, in accordance with section 183(2)(a), that a scheme rescue has occurred until the Board issues a notice under section 183(2).”
“19.   Paragraph 22”	“19.   The period beginning with the 15th day after the date when the conditions set out in section 182(1) have been satisfied and further recoveries of value, within the meaning of section 184(3), are unlikely, until the Board determines the settlement date under section 184(2).”
“20.   Paragraph 23”	“20.   The period beginning with the 22nd day after the trustees or managers of the scheme have notified the Board that a payment has been received until the Board reaches a determination under section 184(4) that the payment may be treated as a recovery of value.”
“21.   Paragraph 24”	“21.   The period beginning with the 15th day after the Board has sufficient information for it to be satisfied that the case is one to which section 186(1) applies, or may apply, and the trustees or managers of the scheme are not able to pay prescribed benefits under the scheme rules until the Board makes an interim payment under section 186(1) in respect of the application under section 182(1).”
“22.   Paragraph 31 ”M1	“22.   The period beginning with the 22nd day after the Board has sufficient information to make a determination of any question which was within the functions of the Pensions Compensation Board under sections 81 to 84 of the Pensions Act 1995 until the Board makes the determination.”

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Marginal Citations

M1 Paragraph 31 was inserted, for the purpose of transitional arrangements, by article 4 of S.I. 2005/1720 (C.73).