{
  "url": "https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008/schedule-3/paragraph-1",
  "json_url": "https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008/schedule-3/paragraph-1.json",
  "legislation": "uksi/2008/2546",
  "legislation_title": "The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008",
  "legislation_url": "https://openlegislation.uk/bradford-bingley-plc-transfer-of-securities-and-property-etc-order-2008",
  "path": "schedule/3/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "With effect from the segregation time the provisions of the pension scheme shall be modified so as to include a section (“the international section”) which is divided from the remainder of the pension scheme (“the remaining section”) such that—\n(a) the only employer in the international section shall be Bradford & Bingley International;\n(b) all members of the pension scheme who are in pensionable service with Bradford & Bingley International at the segregation time shall become members of the international section immediately following the segregation time;\n(c) the contributions payable by Bradford & Bingley International and the members of the international section to the pension scheme shall be allocated to the international section; and\n(d) the assets attributable to the international section cannot be used for the purposes of, or to meet any liabilities arising under, any other part of the pension scheme.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/2546/schedule/3/paragraph/1",
    "retrieved_at": "2026-10-29T03:24:14.861293+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}