Consequential and incidental provisions4

1

In the Financial Assistance Scheme Regulations 20053—

a

in regulation 2(1) (interpretation) after the definition of “scheme manager” insert—

  • “scheme’s pension liabilities”, in respect of a member of a qualifying pension scheme, means the liabilities of the scheme to, or in respect of, the member in respect of pensions or other benefits (including increases in pensions);

b

in regulation 15(5) (qualifying members)4 for sub-paragraph (c) substitute—

c

the scheme’s pension liabilities in respect of that person have not been satisfied in full.

2

In regulation 2(1) of the Financial Assistance Scheme (Provision of Information and Administration of Payments) Regulations 20055 (interpretation)—

a

in the definition of “member” for paragraph (a)(ii) substitute—

ii

the scheme’s pension liabilities in respect of that person have not been satisfied in full;

b

after the definition of “scheme manager” insert—

  • “scheme’s pension liabilities”, in respect of a member of a qualifying pension scheme, means the liabilities of the scheme to, or in respect of, the member in respect of pensions or other benefits (including increases in pensions);

3

The amendments made by this article have effect from 1st April 2010.