Prescribed exemptions from requirement to have member-nominated directors of corporate trusteesI13

For the purposes of Article 219(10) (requirement for member-nominated directors of corporate 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 Order applies;

c

is an occupational pension scheme within the meaning given by section 1 of the Pension Schemes Act, 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 1998, or which was established under Part II of the Ministerial Salaries and Members' Pensions Act (Northern Ireland) 1965 or Article 3 of the Assembly Pensions (Northern Ireland) Order 1976;

j

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

k

is a scheme which is a relevant executive pension scheme in relation to the company;

l

is a scheme where F1all the directors (or the sole director) of the trustee (or trustees) are independent within the meaning given by Article 23(3) of the 1995 Order;

m

is a small insured scheme;

n

is independent of the employer by virtue of the employer having been dissolved or liquidated prior to 6th April 2005, F2...

o

is a scheme which is a relevant wholly insured scheme.

F3or

p

is designated as an existing scheme by virtue of Article 15 of the Railway Pensions (Protection and Designation of Schemes) Order 1994.