# The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008, Regulation 13: Amendment of Schedule 1


In Schedule 1 (modification of certain provisions of Parts 1 and 2 of the Act)—
(a) after paragraph 3 insert—
“3A. In section 134 (directions)—
(a) in subsection (1), for “there is an assessment period in relation to an eligible scheme” substitute “an occupational pension scheme is a qualifying pension scheme under section 286(2) which has not been fully wound up”;
(b) in subsection (2), for the words from the beginning to “is kept to a minimum” substitute “With a view to ensuring that any reduction in the scheme’s assets is kept to a minimum or that the assets of the scheme are invested in a way which, in the opinion of the scheme manager, is appropriate”;
(c) in subsections (2) and (4), for “the Board”, substitute “the scheme manager”; and
(d) in subsection (3), after paragraph (a)(i) insert—
“(ia) a professional adviser to the scheme;
(ib) any other person appearing to the scheme manager to be a person who carries out, or is likely to carry out, activities relevant to the use of the assets of the scheme;”.”;
(b) for paragraph 6 substitute—
“6. In section 191 (notices requiring provision of information to the Board)—
(a) in subsection (1)(b), after “the Board’s” insert “or scheme manager’s”;
(b) in subsection (2)—
(i) before paragraph (a), insert—
“(za) the scheme manager, in relation to the scheme manager’s functions,”;
(ii) in paragraph (a), after “the Board,” insert “in relation to the Board’s functions,”; and
(iii) in paragraph (b), after “the Board” insert “or scheme manager”; and
(c) in subsection (3)—
(i) omit “and” at the end of paragraph (d);
(ii) after paragraph (d), insert—
“(da) in the case of a wound up scheme, any insurance company (within the meaning of the Financial Assistance Scheme Regulations 2005) which is paying annuities to former members of the scheme, and”; and
(iii) in paragraph (e)—
(aa) after “the Board” insert “, scheme manager”; and
(bb) after “the Board’s” insert “or scheme manager’s”.”.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110818788/regulation/13 (the official version)
Page: https://openlegislation.uk/draft-financial-assistance-scheme-miscellaneous-amendments-regulations-2008/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.