C3C4C2C1PART 1Master Trusts

Annotations:
Modifications etc. (not altering text)

Supplementary

I3I2I1C3C4C2C140C3C4C2C1Regulations modifying application of Part 1

1

The Department may make regulations—

a

applying some or all of the provisions of this Part to pension schemes (other than Master Trust schemes) that have the characteristics set out in the regulations, or

b

disapplying some or all of those provisions from Master Trust schemes that have the characteristics set out in the regulations.

2

The Department may make regulations which provide for two or more pension schemes to be treated as a single Master Trust scheme for the purposes of this Part, in the circumstances set out in the regulations.

3

Those circumstances may include—

a

the schemes being under common control;

b

the schemes being subject to common rules;

c

the schemes being provided by the same service provider.

4

Regulations under this section are subject to the confirmatory procedure.