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Regulation 5 Notices

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

This regulation applies in the circumstances set out in section 12A(6)(a).

(2)

Where this regulation applies, the trustees or managers of the first scheme shall, within 14 days after the date of the transfer, give notice in accordance with the following paragraphs of this regulation to:–

(a)

the trustees or managers of the new scheme, and

(b)

the other party.

(3)

The notice to the trustees or managers of the new scheme shall consist of a copy of every order made under section 12A(2) or (3) imposing any requirement upon the trustees or managers of the first scheme and of any order under section 12A(7) varying such an order.

(4)

The notice to the other party shall contain the following particulars–

(a)

the fact that all the accrued rights of the liable party under the first scheme have been transferred to the new scheme;

(b)

the date on which the transfer takes effect;

(c)

the name and address of the trustees or managers of the new scheme;

(d)

the fact that the order made under section 12A(2) or (3) is to have effect as if it had been made instead in respect of the trustees or managers of the new scheme.