Amendments to regulation 6A
5.—(1) Regulation 6A (employment-cessation events: periods of grace)(1) is amended as follows.
(2) In paragraph (1)—
(a)for “2 months” substitute “3 months”;
(b)in sub-paragraph (a), after “scheme” insert “or enters into a deferred debt arrangement”;
(c)for sub-paragraph (b) substitute—
“(b)if at any time during the period of grace A—
(i)no longer intends to employ any person who will be an active member of the scheme; or
(ii)does not intend to enter into a deferred debt arrangement by the last day of the period of grace,
A must notify the trustees or managers of the scheme and A must be treated as if the period of grace had not applied;”.
(3) In paragraph (2), after “these Regulations” insert “and regulation 16 of the FSD Regulations (multi-employer schemes)”.
Regulation 6A was inserted by S.I. 2008/731 and amended by S.I. 2011/2973.