Insertion of the definition of “segregated scheme”8

1

In each of the provisions specified in paragraph (2), in the appropriate alphabetical place, insert—

  • “segregated scheme” means a multi-employer scheme which is divided into two or more sections where—

    1. a

      any contributions payable to the scheme by an employer in relation to the scheme or by a member are allocated to that employer’s or that member’s section; and

    2. b

      a specified proportion of the assets of the scheme is attributable to each section of the scheme and cannot be used for the purposes of any other section;

2

The specified provisions are—

a

paragraph (2) of regulation 1 of the Compensation Regulations;

b

paragraph (1) of regulation 2 of the Provision of Information Regulations;

c

paragraph (2) of regulation 1 of the Review and Reconsideration Regulations; and

d

paragraph (2) of regulation 1 of the Valuation Regulations.