{
  "url": "https://openlegislation.uk/draft-awe-pension-scheme-transfer-of-assets-regulations-2026/regulation-2",
  "json_url": "https://openlegislation.uk/draft-awe-pension-scheme-transfer-of-assets-regulations-2026/regulation-2.json",
  "legislation": "ukdsi/2026/9780348288186",
  "legislation_title": "The AWE Pension Scheme (Transfer of Assets) Regulations 2026",
  "legislation_url": "https://openlegislation.uk/draft-awe-pension-scheme-transfer-of-assets-regulations-2026",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“AWE Trust Deed and Rules” means the Definitive Trust Deed with Rules attached dated 13 October 1993, as amended;\n“cash” means monies held in custody and any other sterling denominated assets which the trustee company reasonably considers to be cash equivalents, including units or shares in short-term, low-risk liquidity or money market funds that are readily realisable at or near their net asset value;\n“Crown Guarantee” means the deed of guarantee between the Secretary of State for Defence and AWE Pension Trustees Limited, as Trustee of the AWE Pension Scheme, dated 21 July 2022;\n“financial asset” means any asset of the AWE Pension Scheme, other than cash or gilts, which is—\n(a) an equity instrument of another entity (including units, shares or interests in a collective investment vehicle);\n(b) a contractual right to receive cash or another financial asset from another entity; or\n(c) a contractual right to exchange financial assets or financial liabilities under conditions that are potentially favourable;\n“gilt” means a UK government sterling denominated bond issued by or on behalf of the Treasury;\n“Treasury Solicitor” has the same meaning as in the Treasury Solicitor Act 1876, and all references to the Treasury Solicitor are references to the Treasury Solicitor as a nominee of the Secretary of State.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Relevant persons within the meaning of regulation 2 of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) may request copies of this information from the scheme administrators, Aon at awepension.scheme@aonconsulting.co.uk or AWE Pension Scheme, Aon, PO Box 196, Huddersfield, HD8 1EG."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "In 2022, the Ministry of Defence provided a Crown Guarantee to the AWE Pension Scheme Trustee. This was announced in a Written Ministerial Statement dated 6 July 2022, and a Departmental Minute was laid before Parliament on that date https://questions-statements.parliament.uk/written-statements/detail/2022-07-06/hcws187."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "“AWE Pension Scheme” means the occupational pension scheme established with effect from 1 April 1993 by an interim trust deed dated 29 March 1993 and currently governed by the AWE Trust Deed and Rules."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2026/9780348288186/regulation/2",
    "retrieved_at": "2026-10-31T10:33:06.538474+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."
}