The Occupational Pension Schemes (Republic of Ireland Schemes Exemption (Revocation) and Tax Exempt Schemes (Miscellaneous Amendments)) Regulations (Northern Ireland) 2006

Amendment of the Register of Occupational and Personal Pension Schemes Regulations

5.—(1) The Register of Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2005(1) shall be amended in accordance with paragraphs (2) and (3).

(2) In regulation 1(2) (interpretation) after the definition of “relevant public authority” there shall be inserted the following definition—

““scheme undertaking cross-border activities” means a scheme in relation to which the trustees or managers—

(a)

are proposing to apply for authorisation, or are authorised, under Article 264 of the 2005 Order (general authorisation to accept contributions from European employers), or

(b)

are proposing to apply for approval, or are approved, under Article 265 of that Order (approval in relation to particular European employer) in relation to a European employer;”.

(3) After sub-paragraph (b) of regulation 2(1) (registrable schemes) there shall be added “or” and the following sub-paragraph—

“(c) which—

(i) has such a superannuation fund as is mentioned in section 615(6) of the Income and Corporation Taxes Act 1988 (exemption from tax in respect of certain pensions), and

(ii) is a scheme undertaking cross-border activities.”.

(1)

S.R. 2005 No. 93