Introductory text

Draft Regulations laid before Parliament under section 54(2)(e) of the Pensions Act 2014, for approval by resolution of each House of Parliament.

Pensions

Made ***

Coming into force 1st October 2021

The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 113(1), (5), (6) and (7), and 182(2) and (3) of the Pension Schemes Act 1993^f1, sections 35(7) and 174(1) and (2) of the Pensions Act 1995^f2, sections 60(2)(h) and (3) and 315(2), (3), (4) and (5) of the Pensions Act 2004^f3 and sections 43 and 54(5) and (6) of, and paragraphs 1(1), (2), 2(1), (2), (3) and (5) of Schedule 18 to, the Pensions Act 2014^f4.

In accordance with section 185(1) of the Pension Schemes Act 1993, section 120(1) of the Pensions Act 1995, section 317(1) of the Pensions Act 2004 and paragraph 8 of Schedule 18 to the Pensions Act 2014, the Secretary of State has consulted with such persons as the Secretary of State considers appropriate.

In accordance with section 113(9) of the Pension Schemes Act 1993, the Secretary of State has consulted the Financial Conduct Authority and the Treasury.

A draft of these Regulations has been laid before and approved by a resolution of each House of Parliament in accordance with section 54(2)(e) of the Pensions Act 2014.

Annotations

Footnotes

f1: 1993 c. 48. Subsection (1) has been amended by Child Support, Pensions and Social Security Act 2000 (c. 19), s. 52(1) and prospectively amended by the Pension Schemes Act 2015 (c. 8), s.38. Section 113(5) to (10) was inserted by the Pensions Act 2014 (c. 19), s. 44(1), and section 113(5) is prospectively amended by the Pensions Scheme Act 2015, s. 38(6). Section 185 was amended by Schedule 3 (paragraph 46), Schedule 5 (paragraph 80) and Schedule 7, Part 1 to the Pensions Act 1995 (c. 26).
f2: 1995 c. 26. Section 35 was substituted by s. 244 of the Pensions Act 2004 (c. 35).
f3: 2004 c. 35.
f4: 2014 c. 19.