The Occupational Pension Schemes (Winding up, etc.) Regulations (Northern Ireland) 2005

Amendment of the Occupational Pension Schemes (Contracting-out) Regulations

8.—(1) The Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996(1) shall be amended in accordance with sub-paragraphs (2) and (3).

(2) In regulation 48 (special provisions for overseas schemes) –

(a) in paragraph (5)(c)(2) for “sub-paragraphs (a) to (e) of Article 73(3)” there shall be substituted “Article 73(4)”;

(b) in paragraph (5)(ca) –

(i) for “in those sub-paragraphs” there shall be substituted “in Article 73(4)”; and

(ii) after “earlier sub-paragraphs” there shall be inserted “of that Article”; and

(c) paragraph (5A)(3) shall be omitted.

(3) In regulation 72(2)(4) (transitional requirements as to sufficiency of resources of salary related schemes) for the words from “sub-paragraphs” to the end there shall be substituted “Article 73(4) of the Order (liabilities towards which scheme assets must be applied first on winding up)”.

(1)

S.R. 1996 No. 493; relevant amending regulations are S.R. 1997 No. 160

(2)

Sub-paragraphs (c) and (ca) were substituted for sub-paragraph (c) by paragraph 5(9)(a) of the Schedule to S.R. 1997 No. 160

(3)

Paragraph (5A) was inserted by paragraph 5(9)(b) of the Schedule to S.R. 1997 No. 160

(4)

Paragraph (2) was substituted by paragraph 5(13)(a) of the Schedule to S.R. 1997 No. 160