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The Occupational Pension Schemes (Payments to Employer) Regulations (Northern Ireland) 2006
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Schemes not in wind upN.I.
3.—(1) Subject to paragraph (2) and regulations 12 to 14, the prescribed requirements for the purposes of Article 37(3)(b) (payment of surplus to employer) are that the scheme is not in wind up, and—
(a)it is a scheme which—
(i)is subject to Part IV of the 2005 Order(1) (scheme funding), and
(ii)is not a regulatory own funds scheme, or
(b)it is a scheme that is an earmarked scheme.
(2) A scheme to which—
(a)paragraph (1)(a) applies must also comply with regulations 4 to 7 and 9 to 11, or
(b)paragraph (1)(b) applies must also comply with regulation 8.
Commencement Information
I1Reg. 3 in operation at 6.4.2006, see reg. 1
(1)
Part IV was modified by Schedule 2 to S.R. 2005 No. 568 and regulation 5(1) of S.R. 2005 No. 570
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