The Occupational Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 2000

Amendment of the Minimum Funding Requirement Regulations

3.  In regulation 23 of the Minimum Funding Requirement Regulations(1) (failure to pay contributions due under schedule of contributions)—

(a) in paragraph (1), for “ A notice” there shall be substituted “Subject to paragraph (4), a notice”;

(b) after paragraph (3) there shall be added—

“(4) Where, under Article 49(9)(b), there is a requirement on the trustees or managers to give notice of a failure to pay within a prescribed time an amount corresponding to any contribution payable on behalf of an active member which has been deducted from the member’s earnings, the trustees or managers shall not be required to give notice of a failure to pay such amount on or before the due date for the purposes of paragraph (1) of Article 59, in a case to which that paragraph would otherwise apply.”.

(1)

Regulation 23 was amended by regulation 6(3) of S.R. 1999 No. 486