Commencement of regulatory oversight and saving provision

4.—(1) 1st April 2015 is the day appointed for the coming into force of the following provisions of the Act for the purposes specified, subject to paragraph (2)—

(a)section 17(1) (regulatory oversight) for all remaining purposes; and

(b)paragraphs 2 to 13, 17, and 19 to 21 of Schedule 4 (regulatory oversight) for all purposes.

(2) A code of practice issued before 1st April 2015 under section 90(2)(a) of the Pensions Act 2004(1) relating to what constitutes a “reasonable period” for the purposes of early leaver rights shall continue to have effect, until and to the extent it is revoked, in relation to a public service pension scheme (within the meaning of the Pensions Act 2004).

(1)

2004 c.35. The definition of “public service pension scheme” in section 318(1) was inserted by section 17(1) of, and paragraphs 1 and 22(1) and (3) of Schedule 4 to, the Public Service Pensions Act 2013.