# The Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2023, Regulation 4: Amendment of regulation 19


(1) Regulation 19 (actuarial valuations) is amended as follows.
(2) In paragraph (4)(k), after sub-paragraph (iv) insert—
“(v) any variation to the multi-annual reduction as a result of applying an increase to offset the planned reduction under the multi-annual reduction in accordance with regulation 17(10), including the effect of that offsetting increase on the planned reduction in the remaining years of the multi-annual reduction;”.
(3) After paragraph (4)(k) insert—
“(ka) where a multi-annual reduction would have been in effect as at the effective date but has ceased to have effect in accordance with regulation 17(10C), the details of—
(i) when such multi-annual reduction ceased to have effect;
(ii) any remaining increase that has been applied in accordance with regulation 17(10C);”.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348255232/regulation/4 (the official version)
Page: https://openlegislation.uk/draft-occupational-pension-schemes-collective-money-purchase-schemes-amendment-regulations-2023/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.