The Personal and Occupational Pension Schemes (Amendment) Regulations (Northern Ireland) 2008

Amendment of the Personal Pension Schemes (Appropriate Schemes) Regulations

3.—(1) The Personal Pension Schemes (Appropriate Schemes) Regulations (Northern Ireland) 1997(1) shall be amended in accordance with paragraphs (2) to (9).

(2) In regulation 1(2)(2) (interpretation) omit the definitions of “the 2000 Act”, “deposit-taker”, “EEA State”, “Friendly Society”, “home state regulator”, “open-ended investment company”, “recognised scheme”, “UCITS” and “unit trust scheme”.

(3) For regulation 2(3) (forms of schemes which may be appropriate schemes) substitute—

“Schemes which may be appropriate schemes

2.   A personal pension scheme can be an appropriate scheme only if it is a scheme which is, or is treated as, registered under section 153 of the Finance Act 2004(4).”.

(4) Omit regulation 3(5) (persons who and bodies which may establish schemes).

(5) In regulation 4(1) (requirements in respect of an application for an appropriate scheme certificate) omit sub-paragraphs (e) and (f).

(6) In regulation 6(b) (requirement to give information)—

(a) at the end of sub-paragraph (ii) insert “and”;

(b) omit sub-paragraph (iii).

(7) Omit regulation 18 (cancellation of membership of interest-bearing account-funded appropriate schemes).

(8) Omit Schedule 1(6) (kinds of unit trust scheme that may be an appropriate scheme).

(9) Omit Schedule 2 (information to be included in notice).

(1)

S.R. 1997 No. 139; relevant amending regulations are S.R. 2001 No. 118, S.R. 2003 No. 256 and S.R. 2006 No. 20

(2)

The definition of “the 2000 Act” was inserted by regulation 12(2) of S.R. 2003 No. 256 and the definitions of “deposit-taker”, “EEA State”, “home state regulator”, “open-ended investment company”, “recognised scheme”, “UCITS” and “unit trust scheme” were inserted by regulation 2(2) of S.R. 2006 No. 20

(3)

Regulation 2 was amended by regulation 4 of S.R. 2001 No. 118, regulation 12(3) of S.R. 2003 No. 256 and regulation 2(3) of S.R. 2006 No. 20

(4)

2004 c.12

(5)

Regulation 3 was amended by regulation 12(4) of S.R. 2003 No. 256 and regulation 2(4) of S.R. 2006 No. 20

(6)

Schedule 1 was amended by regulation 12(5) of S.R. 2003 No. 256