Search Legislation

The Occupational and Personal Pension Schemes (Bankruptcy) Regulations 2002

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

PART IGENERAL

Citation, commencement, extent and interpretation

1.—(1) These Regulations may be cited as the Occupational and Personal Pension Schemes (Bankruptcy) Regulations 2002 and shall come into force on 6th April 2002.

(2) Part II of these Regulations applies to England and Wales.

(3) Part III, and (by virtue of regulation 11 of that Part) regulation 2 of Part II, of these Regulations apply to Scotland.

(4) In this paragraph and—

(a)Parts II and III of these Regulations—

“the 1999 Act” means the Welfare Reform and Pensions Act 1999;

“income-related benefit” has the meaning given in section 123(1) of the Social Security Contributions and Benefits Act 1992(1);

“relevant benefits” has the meaning given in section 612 of the Taxes Act;

“the Taxes Act” means the Income and Corporation Taxes Act 1988(2);

“week” means a period of seven days;

(b)

Part II of these Regulations—

“the 1986 Act” means the Insolvency Act 1986;

“court” means the court which made the bankruptcy order against the bankrupt;

“destination arrangement” has the meaning given in section 342E(1)(b) of the 1986 Act(3);

“pension-sharing transaction” has the meaning given in section 342D(9) of the 1986 Act(4);

“responsible person” means the person responsible for a pension arrangement within the meaning of section 342C(6) of the 1986 Act;

“restoration order” means an order made under section 342A of the 1986 Act(5);

“transferee” has the meaning given in section 342D(9) of the 1986 Act;

“transferor” has the meaning given in section 342D(9) of the 1986 Act;

(c)

Part III of these Regulations—

“the 1980 Act” means the Solicitors (Scotland) Act 1980(6);

“the1985 Act” means the Bankruptcy (Scotland) Act 1985;

“court” means the sheriff before whom the sequestration is depending or to whom it has been transferred or remitted in terms of section 15 of the 1985 Act or, where a judicial factor has been appointed, the court which appointed the judicial factor;

“debtor” has the meaning given in section 73 of the 1985 Act, and in relation to regulations 12 to 15 and 19 also includes a solicitor on whose estate a judicial factor has been appointed;

“judicial factor” means a judicial factor appointed under section 41 of the 1980 Act(7);

“pension-sharing transaction” has the meaning given in section 36D(10) of the 1985 Act(8);

“permanent trustee” shall be construed in accordance with section 3 of the 1985 Act;

“responsible person” means the person responsible for a pension arrangement within the meaning of section 36C(6) of the 1985 Act;

“restoration order” means an order made under section 36A of the 1985 Act(9);

“transferee” has the meaning given in section 36D(10) of the 1985 Act;

“transferor” has the meaning given in section 36D(10) of the 1985 Act.

(1)

1992 c. 4. Section 123(1) was amended by section 103 of, and paragraph 1(1) of Schedule 9 to, the Local Government Finance Act 1992 (c. 14) and paragraphs 1(a) and (b) and 2(f) of Schedule 1 to the Tax Credits Act 1999 (c. 10).

(3)

Section 342E(1)(b) was inserted by paragraph 71 of Schedule 12 to the 1999 Act.

(4)

Section 342D(9) was inserted by paragraph 71 of Schedule 12 to the 1999 Act.

(5)

Section 342A was substituted by section 15 of the 1999 Act.

(7)

Section 41 was amended by section 56 of, and paragraph 19(a)–(g) of Part I of Schedule 1 to, the Law Reform (Miscellaneous Provisions) (Scotland) Act 1985 (c. 73) and section 6(1) and (2) to, and paragraph 13 of Schedule 1 and Schedule 2 to, the Solicitors (Scotland) Act 1988 (c. 42).

(8)

Section 36D(10) was inserted by paragraph 69 of Schedule 12 to the 1999 Act.

(9)

Section 36A was substituted by section 16 of the 1999 Act.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources