Exemptions from requirement to have member-nominated trusteesI12

For the purposes of Article 218(8)(c) (requirement for member-nominated trustees) a scheme is of a prescribed description if the scheme—

a

has fewer than two members;

b

is a scheme to which Article 22 of the 1995 Order9 (circumstances in which independent trustees provisions apply) applies;

c

is an occupational pension scheme within the meaning given by section 1 of the Pension Schemes Act10 (categories of pension schemes), but which is not a registered pension scheme;

d

is a relevant small occupational pension scheme;

e

is a relevant centralised scheme;

f

is a direct payment paid-up insurance scheme;

g

is a former old code scheme;

h

is a section 615(6) scheme;

i

is established under section 48 of the Northern Ireland Act 199811 (pensions of members), or which was established under Part II of the Ministerial Salaries and Members' Pensions Act (Northern Ireland) 196512 or Article 3 of the Assembly Pensions (Northern Ireland) Order 197613;

j

is a scheme where the sole trustee, or all the trustees are independent within the meaning given by Article 23(3) of the 1995 Order;

k

is a stakeholder pension scheme within the meaning of Article 3 of the 1999 Order14;

l

is a small insured scheme, or

m

is independent of the employer by virtue of the employer having been dissolved or liquidated prior to 6th April 2005.