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)”.