Part 2Amendments
Amendment of the Occupational Pension Schemes (Employer Debt) RegulationsI17
In regulation 10(4) of the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 200528 (money purchase schemes: fraud and levy deficiencies etc.)—
a
in the definition of “the levy deficit” for “paragraph (2).” substitute “paragraph (2);”
;
b
after the definition of “the levy deficit” insert—
“money purchase schemes” does not include a scheme or a section of a scheme that is a collective money purchase scheme for the purposes of Part 2 of the Pension Schemes Act 2021 (collective money purchase benefits: Northern Ireland).