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1.—(1) These regulations may be cited as the Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1994 and shall come into operation on 19th April 1994.
(2) These regulations apply to every occupational pension scheme which is not a money purchase scheme.
(3) In these regulations—
“the Act” means the Pension Schemes (Northern Ireland) Act 1993;
“actuary” means—
a Fellow of the Institute of Actuaries,
a Fellow of the Faculty of Actuaries, or
a person with other actuarial qualifications who is approved by the Department as being a proper person to act for the purposes of section 140 of the Act (deficiencies in the assets of a scheme on winding up).
(4) The Interpretation Act (Northern Ireland) 1954(1) shall apply to these regulations as it applies to a Measure of the Northern Ireland Assembly.
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