SCHEDULE E+W+S Consequential amendments

PART 2 E+W+S OTHER REGULATIONS

Occupational Pension Schemes (Contracting-out) Regulations 1996 E+W+S

8.—(1) The Occupational Pension Schemes (Contracting-out) Regulations 1996 M1 are amended as follows. E+W+S

(2) In regulation 48 (special provision for overseas schemes)—

(a) in paragraph (5)(c) for “paragraphs (a) to (e) of section 73(3)” substitute “ section 73(4) ”;

(b) in paragraph (5)(ca)—

(i) for “in those paragraphs” substitute “ in section 73(4) ”; and

(ii) after “earlier paragraphs” insert “ of that section ”;

(c) paragraph (5A) is omitted.

(3) In regulation 72(2) (transitional requirements as to sufficiency of resources of salary-related schemes) for the words from “paragraphs (a) to (e)” to the end substitute “ section 73(4) of the 1995 Act (liabilities towards which scheme assets must be applied first on winding up). ”.

Marginal Citations

M1 S.I. 1996/1172; the relevant amending instrument is S.I. 1997/786.