The Stakeholder Pension Schemes (Amendment) Regulations 2001

Amendment of regulation 2

2.  For regulation 2(2) substitute—

“(2) The manager of the scheme must be a person who is—

(a) mentioned in section 632(1) of the Income and Corporation Taxes Act(1) (establishment of schemes); or

(b) the authorised corporate director of an open-ended investment company.

(3) In this regulation “authorised corporate director” and “open-ended investment company” each has the same meaning as in the Open-ended Investment Companies (Tax) Regulations 1997(2).”.

(1)

1988 c. 1. Section 632(1) was amended by the Personal Pension Schemes (Establishment of Schemes) Order 1988, S.I. 1988/993 and by the Personal Pension Schemes (Establishment of Schemes) Order 1997, S.I. 1997/2388.

(2)

S.I. 1997/1154, amended by S.I. 1997/1715.