Amendment of regulation 6A5

In regulation 6A18 (employment-cessation events: periods of grace)—

a

in paragraph (1)—

i

for “within 2 months” substitute “within 3 months”;

ii

in sub-paragraph (a) after “scheme” insert “or enters into a deferred debt arrangement”;

iii

for sub-paragraph (b) substitute—

b

if at any time during the period of grace A—

i

no longer intends to employ any person who shall be an active member of the scheme, or

ii

does not intend to enter into a deferred debt arrangement by the last day of the period of grace,

A shall notify the trustees or managers of the scheme and A shall be treated as if the period of grace had not applied;

b

in paragraph (2) after “these Regulations” insert “and regulation 16 of the FSD Regulations (multi-employer schemes)”.