Statutory Instruments
1996 No. 1462
PENSIONS
The Contracting-out (Transfer and Transfer Payment) Regulations 1996
Made
5th June 1996
Laid before Parliament
11th June 1996
Coming into force
6th April 1997
The Secretary of State for Social Security, in exercise of the powers conferred on him by sections 12C(1)(a)M1, 20(1), (2) and (3), 181(1)M2 and 182(2) and (3) of the Pension Schemes Act 1993M3 and of all other powers enabling him in that behalf, after agreement with the Occupational Pensions Board that certain proposals within these Regulations need not be referred to them, by this instrument, which otherwise contains regulations made only for the purpose of consolidating regulations revoked by them and regulations made under section 12C(1)(a) of the Pension Schemes Act 1993 as inserted by section 136 of the Pensions Act 1995M4 and which are made before the end of the period of 6 months beginning with the coming into force of that sectionM5, hereby makes the following Regulations:
Modifications etc. (not altering text)
C1Instrument applied by SI 1998/366 reg. 145(1)(e) (as inserted (3.3.2001) by The Local Government Pension Scheme (Pension Sharing on Divorce) (Scotland) Regulations 2001 (S.S.I. 2001/23), regs. 1(2), 4)
Marginal Citations
M1Section 12C is inserted by section 136(5) of the Pensions Act 1995 (c.26).
M2Section 181(1) is cited because of the meaning there given to the words “prescribed" and “regulations".
M5 See section 185(2) and (6) of the Pension Schemes Act 1993 and section 173(1) and (5) of the Social Security Administration Act 1992 (c.5), under which the requirement to consult does not apply where regulations are made only for the purpose of consolidating other regulations revoked by them or are made before the end of six months from the coming into force of the enactment under which they are made or where the Occupational Pensions Board agrees that regulations need not be referred to them.