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.