Introductory text

This draft Statutory Instrument supersedes the draft Occupational Pension Schemes (Levies) Regulations 2005 laid on 2nd February 2005 and is being issued free of charge to all known recipients of that earlier draft.

Draft Regulations laid before Parliament under section 316(2)(a), (c) and (g) of the Pensions Act 2004, for approval by resolution of each House of Parliament.

pensions

Made 2005

Coming into force 1st April 2005

Whereas a draft of this instrument was laid before Parliament in accordance with section 316(2)(a), (c) and (g) of the Pensions Act 2004^f1 and approved by resolution of each House of Parliament;

The Secretary of State for Work and Pensions, in exercise of the powers conferred upon him by sections 117(1), (3) and (7)(a), 126(1)(b), 174(1), (2), 181(5), (8)(a), 189(11)(a), 209(7) and (8), 315(2), (4) and (5) and 318(1) of the Pensions Act 2004^f2 and of all other powers enabling him in that behalf, having consulted the Board^f3, and with the approval of the Treasury^f4, by this instrument, which is made before the end of the period of six months beginning with the coming into force of the provisions of that Act by virtue of which it is made^f5, hereby makes the following Regulations:

Annotations

Footnotes

f1: 2004 c. 35.
f2: Section 318(1) is cited because of the meaning given by that section to “prescribed” and “regulations”.
f3: See section 117(4) of the Pensions Act 2004.
f4: See section 174(3) of the Pensions Act 2004.
f5: See section 317 of the Pensions Act 2004 which provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of the provisions of that Act (other than Part 8). This duty does not apply where regulations are made before the end of six months beginning with the coming into force of the provisions of that Act by virtue of which the regulations are made.