16.—(1) The Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005(1) shall be amended in accordance with paragraphs (2) and (3).
(2) In regulation 17 (exemptions – general)—
(a)in paragraph (1)(l)(2) after “a scheme” insert “or a section of a scheme”;
(b)in paragraph (2) after the definition of “section 615(6) scheme” insert—
““a section of a scheme” means a section of a multi-employer scheme where a specified part or proportion of the assets of the scheme is attributable to that section and cannot be used for the purposes of any other section of the scheme;”.
(3) In Schedule 2 (modifications of the Order and Regulations) in paragraph 8 (schemes under which the rates of contributions are determined by the trustees or managers or by the actuary)—
(a)in sub-paragraph (5)—
(i)after “scheme under which” insert “any of”, and
(ii)for “the rates shown in” substitute “any such rates forming part of”;
(b)in sub-paragraph (6) for “the rates of contributions shown in this schedule” substitute “any rates of contributions forming part of this schedule which the scheme requires me to determine”;
(c)in sub-paragraph (7) after “to determine” insert “any of”.
Commencement Information
I1Reg. 16 in operation at 6.4.2009, see reg. 1(2)
S.R. 2005 No. 568; relevant amending Regulations are S.R. 2006 No. 297
Paragraph (1)(l) was amended by regulation 5(3)(a) of S.R. 2006 No. 297