The Occupational Pension Schemes (Internal Controls) Regulations 2005

Statutory Instruments

2005 No. 3379

PENSIONS

The Occupational Pension Schemes (Internal Controls) Regulations 2005

Made

8th December 2005

Laid before Parliament

9th December 2005

Coming into force

30th December 2005

The Secretary of State, being a Minister designated(1) for the purposes of section 2(2) of the European Communities Act 1972(2), in relation to personal and occupational pensions makes the following Regulations in exercise of the powers conferred by section 2(2) of that Act and sections 90(2)(k) and 318(1) of the Pensions Act 2004(3).

This instrument contains regulations made before the end of the period of six months beginning with the coming into force of section 90(2)(k) of the Pensions Act 2004 by virtue of which they are made(4).

(1)

See the European Communities (Designation) (No. 7) Order 2004 (S.I. 2004/3328).

(2)

1972 c. 68.

(3)

)2004 c. 35. Section 318(1) is cited because of the meaning there given to “prescribed” and “regulations”.

(4)

See section 317(1) of the Pensions Act 2004 which provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of the provisions of that Act (other than Part 8). Section 317(2)(c) of that Act provides an exemption to the consultation requirement where the regulations are made before the end of the period of six months beginning with the coming into force of the provision of that Act by virtue of which they are made.