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Regulation 7 Disapplication: legislation

Original text. Later amendments are not shown.

(1)

This regulation applies where a direction containing an instruction under regulation 3(2) is given by the Secretary of State.

(2)

The following provisions and any secondary legislation made under them do not apply in respect of the AWE Pension Scheme from the date on which the first such direction is given—

(a)

Pensions Act 1995f1—

(i)

sections 11(6) (powers to wind up schemes);

(ii)

section 35 (investment principles);

(iii)

section 36 (choosing investments);

(iv)

sections 41A to 41C (climate change);

(v)

sections 73 to 76 (winding up);

(b)

Pensions Act 2004f2—

(i)

section 32 (sections 23 to 31: supplementary);

(ii)

section 38 (contribution notices where avoidance of employer debt);

(iii)

sections 43 and 43A (financial support directions);

(iv)

section 52 (restoration orders where transactions at an undervalue);

(v)

section 69 (duty to notify the Regulator of certain events);

(vi)

Part 2 (the Board of the Pension Protection Fund);

(vii)

Part 3 (scheme funding);

(c)

paragraph (4) of regulation 7B of the Occupational Pension Schemes (Transfer Values) Regulations 1996f3.

Annotations

Footnotes

f1

1995 c. 26; section 35 was substituted by section 244 of the Pensions Act 2004 (c. 35) (“the 2004 Act”); section 36 was amended by section 245 of, and Schedule 13 to, the 2004 Act and S.I. 2001/3649; sections 41A to 41C were inserted by section 124 of the Pensions Schemes Act 2021 (c. 1) (“the 2021 Act”); sections 73 to 73B were substituted, and section 74 was amended, by section 270 of the 2004 Act; sections 73 and 73B were amended by Schedule 4 to the Pension Schemes Act 2015 (c. 8) (“the 2015 Act”); sections 73A and 73B were amended by section 58 of the 2015 Act; section 74 was amended by Schedule 13 to the 2004 Act, Schedule 12 to the Welfare Reform and Pensions Act 1999 (c. 30) and S.I. 2001/3649; section 75 was substituted by section 271 of the 2004 Act and amended by Schedule 3 to the 2021 Act, S.I. 2017/540 and S.I. 2016/1034; section 75A was inserted by section 272 of the 2004 Act; section 76 was amended by section 10 of, and Schedules 12 and 13 to, the 2004 Act, and S.I. 2006/745.

f2

2004 c. 35. Section 38 was amended by Schedules 9 and 11 to the Pensions Act 2008 (c. 30), section 26 of the Pensions Act 2011 (c. 19) (“the 2011 Act”), S.I. 2016/1034 and sections 103 and 104 of the 2021 Act; section 43 was amended by section 26 of the 2011 Act; Section 43A was inserted by Schedule 9 of the 2008 Act; section 69 was amended by section 108 of the 2021 Act.

f3

S.I. 1996/1847; relevant amending instruments are S.I. 2008/1050, 2008/2450 and 2014/1711.