Citation, commencement and interpretation1.
(1)
These Rules may be cited as the Hybrid Schemes Quality Requirements Rules (Northern Ireland) 2012 and shall come into operation on 1st July 2012.
(2)
In these Rules—
F1...
F2...
“normal pension age” has the same meaning as in section 175 of the Pension Schemes Act;
“the paragraph (a) quality requirements” means the requirements for a money purchase scheme under section 20 (and referred to in relation to hybrid schemes in section 24(1)(a));
“the paragraph (b) quality requirements” means the requirements for a defined benefits scheme under sections F3sections 21 to 23A (and referred to in relation to hybrid schemes in section 24(1)(b));
“relevant scheme” has the meaning given by rule 2(2).
(3)
In these Rules any reference to a numbered section is a reference to the section of the Pensions (No. 2) Act (Northern Ireland) 2008 bearing that number.