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The Occupational Pension Schemes (Winding up etc.) Regulations 2005

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PART 2 E+W+SOTHER REGULATIONS

Occupational Pension Schemes (Contracting-out) Regulations 1996E+W+S

8.—(1) The Occupational Pension Schemes (Contracting-out) Regulations 1996 M1 are amended as follows.E+W+S

(2) In regulation 48 (special provision for overseas schemes)—

(a)in paragraph (5)(c) for “paragraphs (a) to (e) of section 73(3)” substitute “ section 73(4) ”;

(b)in paragraph (5)(ca)—

(i)for “in those paragraphs” substitute “ in section 73(4) ”; and

(ii)after “earlier paragraphs” insert “ of that section ”;

(c)paragraph (5A) is omitted.

(3) In regulation 72(2) (transitional requirements as to sufficiency of resources of salary-related schemes) for the words from “paragraphs (a) to (e)” to the end substitute “ section 73(4) of the 1995 Act (liabilities towards which scheme assets must be applied first on winding up). ”.

Marginal Citations

M1S.I. 1996/1172; the relevant amending instrument is S.I. 1997/786.

Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996E+W+S

F19.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S

Textual Amendments

Occupational Pension Schemes (Disclosure of Information) Regulations 1996E+W+S

10.  In regulation 5(15) of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996 M2 (time when a scheme begins to be wound up for the purposes of regulation 5 of those Regulations) for the words “in accordance” onwards substitute—E+W+S

“(a)in a case where regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996 applies, in accordance with that regulation, and

(b)in any other case, in accordance with section 124(3A) and (3B) of the 1995 Act (but subject to section 124(3C) and (3E)).”.

Marginal Citations

M2S.I. 1996/1655; the relevant amending instrument is S.I. 1997/786.

Occupational Pension Schemes (Payments to Employers) Regulations 1996E+W+S

F211.  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .E+W+S

Textual Amendments

Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997E+W+S

12.  In regulation 2(3) of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 M3 (circumstances when a scheme is being wound up for the purposes of regulation 2(1)) for “regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996 apply” substitute “ section 124(3A) and (3B) of the 1995 Act apply (but subject to section 124(3C) and (3E)) ”.E+W+S

Marginal Citations

M3S.I. 1997/785, to which there are amendments not relevant to these Regulations.

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