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The Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 2005

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Partial disapplication of regulation 4 in respect of schemes being wound up

9.—(1) The requirements of regulation 4(3) to (7) shall apply in respect of a scheme which is being wound up except to the extent that—

(a)they conflict with any obligations placed on the trustees arising in consequence of the winding up under or by virtue of the 1995 Order or the 2005 Order, or

(b)it is not reasonably practicable to give effect to them having regard to circumstances in connection with the winding up.

(2) For the purposes of paragraph (1), a scheme shall be taken to be being wound up during the period which—

(a)begins with the day on which the time immediately after the beginning of the winding up of the scheme falls, and

(b)ends when the winding up of the scheme is completed.

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