The Hybrid Schemes Quality Requirements (Amendment) Rules (Northern Ireland) 2016

Amendment of the Hybrid Schemes Quality Requirements Rules

2.—(1) The Hybrid Schemes Quality Requirements Rules (Northern Ireland) 2012(1) are amended in accordance with paragraphs (2) to (6).

(2) In rule 1(2) (interpretation)—

(a) omit the definition of “contracted-out employment”;

(b) omit the definition of “contracted-out scheme”;

(c) in the definition of “the paragraph (b) quality requirements” for “sections 21 to 23” substitute “sections 21 to 23A(2)”.

(3) In rule 2(1) and (3) (application: general) for “rules 3 to 8” substitute “rules 4 to 8”.

(4) Omit rule 3 (contracted-out hybrid schemes).

(5) In rule 4(1) (general rule for hybrid schemes) for sub-paragraph (b) substitute—

“(b) do not include any scheme falling within a description specified in any of rules 5 to 7.”.

(6) In rule 8(1)(a) and (b) and (2)(b) (schemes where more than one rule applies) for “rules 3 to 7” substitute “rules 4 to 7”.

(1)

S.R. 2012 No. 267

(2)

Section 21 was substituted by paragraph 80 of Schedule 13 to the Pensions Act (Northern Ireland) 2015. Section 22 was amended by section 12(1) of the Pensions Act (Northern Ireland) 2012 (c. 3 (N.I.)) and paragraph 81 of Schedule 13 to the Pensions Act (Northern Ireland) 2015. Section 23 was substituted by section 12(2) of the Pensions Act (Northern Ireland) 2012. Section 23A was inserted by section 38(2) of the Pensions Act (Northern Ireland) 2015