EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations amend various provisions in pensions legislation to take account of the coming into force on 12th April 2007 of the decision of the EEA Joint Committee No. 88/2006 of 7th July 2006 to incorporate European Union Directive 2003/41/EC on the Activities and Supervision of Institutions for Occupational Retirement Provision (OJ No. L 235, 23.9.03, p.10) into Annex IX (Financial Services) to the EEA Agreement.
Regulations 2 to 5 and the Schedule specify the provisions that are amended by these Regulations.
An Impact Assessment has not been prepared for this instrument as it has no impact on the costs of business, charities or voluntary bodies. Copies of a transposition note concerning the implementation of the Directive by these Regulations may be obtained from Private Pensions, Department for Work and Pensions, 3rd floor, Adelphi, 1–11 John Adam Street, London WC2N 6HT.