The Occupational Pension Schemes (Cross-border Activities) Regulations 2005

Consequential amendment

This section has no associated Explanatory Memorandum

18.—(1) The Occupational Pension Schemes (Trust and Retirement Benefits Exemption) Regulations 2005(1) are amended as follows.

(2) In paragraph (2) of regulation 1, after the definition of “relevant statutory scheme”, add—

““scheme undertaking cross-border activities” means a scheme in relation to which the trustees or managers are—

(a)

authorised under section 288 of the 2004 Act (general authorisation to accept contributions from European employers), or

(b)

approved under section 289 of the 2004 Act in relation to a European employer.”.

(3) After regulation 1, insert—

1A. With the exception of regulation 2(a), these Regulations do not apply to any scheme undertaking cross-border activities.”.

(1)