(This note is not part of the Regulations)
These Regulations revoke eleven sets of regulations, which wound up various superannuation schemes connected with the coal mining industry (“the Winding Up Regulations”). The Winding Up Regulations transferred the assets and liabilities of the schemes, with any surplus to be applied for the purposes of superannuation schemes provided under section 37 of the Coal Industry Nationalisation Act 1946 (c. 59).
There are still such schemes in existence, so these Regulations contain savings in regulation 3 to safeguard the operation of these schemes.
An impact assessment has not been produced for this instrument as no impact is foreseen on the private, voluntary or public sectors.