The Occupational Pension Schemes (EEA States) Regulations 2007

Amendment of the Pensions Act 2004

This section has no associated Explanatory Memorandum

4.  In the Pensions Act 2004(1)—

(a)in section 253(1) and (6) (non-European scheme to be trust with UK-resident trustee) for “the member States” substitute “the EEA states”;

(b)in section 254(1) (representative of non-European scheme to be treated as trustee) for “the member States” substitute “the EEA states”;

(c)in section 287(6) (occupational pension scheme receiving contributions from European employer)—

(i)for ““host member State”” substitute ““host EEA state””;

(ii)for “a member State” substitute “an EEA state”;

(d)in section 289(1)(c) and (2)(a)(i) (approval in relation to particular European employer) for “host member State” substitute “host EEA state”;

(e)in section 290(1)(a) and (b) and (2)(b) (notification of legal requirements of host member State outside United Kingdom) for “host member State” substitute “host EEA state”;

(f)in section 291(1) (duty of trustees or managers to act consistently with law of host member State) for “host member State” substitute “host EEA state”;

(g)in section 293 (functions of Regulator in relation to institutions administered in other member States)—

(i)in paragraph (1) for “host member State” substitute “host EEA state”;

(ii)in paragraph (2) for “another member State” substitute “another EEA state”;

(iii)in paragraph (4)(b) for “the member State” substitute “the EEA state”;

(iv)in paragraph (8) for “a member State” substitute “an EEA state”;

(h)in section 294(1) (stopping disposal of assets of institutions administered in other member States)—

(i)for “a member State” substitute “an EEA state”;

(ii)for “that member State” substitute “that EEA state”;

(i)in section 295 (interpretation of Part 7)—

(i)for “a member State” in both places substitute “an EEA state”;

(ii)for ““host member State”” substitute ““host EEA state””.