PART 2Collective money purchase benefits: Northern Ireland
Triggering events and continuity options
86When a decision to withdraw authorisation becomes final
(1)
For the purposes of this Part, in relation to an item 1 or 2 triggering event, a decision to withdraw authorisation becomes final—
(a)
in the circumstances set out in relation to the event in the second column of the table in subsection (2), and
(b)
on the date given in relation to those circumstances in the third column of that table.
(2)
The table is—
Triggering event | Circumstances | Date |
---|---|---|
Item 1 (issue of warning notice under the standard procedure) |
| The date of the Pensions Regulator’s determination. |
Item 2 (issue of determination notice under the special procedure) |
| The date of the Pensions Regulator’s determination. |
Item 1 or 2 |
| The date of the Tribunal’s determination. |
Item 1 or 2 | The effect of an appeal against a determination by the Tribunal is that the scheme’s authorisation should be withdrawn. | The date on which the appeal is finally disposed of. |
(3)
In this section “the Tribunal” has the meaning given in—
(a)
Article 91(7) of the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1)), in a case where the standard procedure applies;
(b)
Article 94(13) of that Order, in a case where the special procedure applies.