The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 No. 814

Amendment of the Contracting-out (Transfer and Transfer Payment) Regulations 1996

6.—(1) Amend the Contracting-out (Transfer and Transfer Payment) Regulations 1996(1) as follows.

(2) In regulation 1(2) (interpretation) for the definition of “overseas scheme” substitute—

““overseas scheme” means—

(a)

an occupational pension scheme which has its main administration outside the member States; or

(b)

a European pensions institution as defined in section 293(8) of the Pensions Act 2004 (functions of Regulator in relation to institutions administered in other member States),

but does not include a salary-related contracted-out scheme nor one in respect of which section 53 of the 1993 Act applies by virtue of section 52(1) of that Act.”.

(1)

S.I. 1996/1462; the relevant amending instrument is S.I. 1997/786.