{
  "url": "https://openlegislation.uk/draft-occupational-pension-schemes-levies-regulations-2005/regulation-2",
  "json_url": "https://openlegislation.uk/draft-occupational-pension-schemes-levies-regulations-2005/regulation-2.json",
  "legislation": "ukdsi/2005/0110522176",
  "legislation_title": "The Occupational Pension Schemes (Levies) Regulations 2005",
  "legislation_url": "https://openlegislation.uk/draft-occupational-pension-schemes-levies-regulations-2005",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations––\n“the 1993 Act” means the Pension Schemes Act 1993;\n“the 1995 Act” means the Pensions Act 1995;\n“the 2004 Act” means the Pensions Act 2004;\n“active member”, in relation to a scheme, has the meaning given by section 318 of the 2004 Act (but subject to regulation 10(7));\n“the administration levy” means the levy imposed under section 117 of the 2004 Act by regulation 4(1);\n“deferred member” has the meaning given by section 124(1) of the 1995 Act (but subject to regulation 10(7));\n“eligible scheme” has the meaning given by section 126 of the 2004 Act (but subject to regulations 15 to 18);\n“financial year” means a period of 12 months ending with 31st March;\n“the initial levy” means the levy imposed under section 174 of the 2004 Act by regulation 9;\n“the initial period” means the period provided for by regulation 8;\n“life member”, in relation to a scheme, means a person who is an active member but whose service under the scheme is only pensionable service by virtue of qualifying him for death benefits;\n“member”, in relation to a scheme, has the meaning given by section 318 of the 2004 Act (but subject to regulations 5(6) and 11(4));\n“the PPF Ombudsman levy” means the levy imposed under section 209(7) of the 2004 Act by regulation 4(2);\n“pension credit member” has the meaning given by section 124(1) of the 1995 Act;\n“pension credit rights” has the meaning given by section 124(1) of the 1995 Act;\n“pension protection levy” means a levy imposed in accordance with section 175 of the 2004 Act;\n“pensionable service” has the meaning given by section 124(1) of the 1995 Act;\n“pensioner member” has the meaning given by section 124(1) of the 1995 Act;\n“registrable scheme” has the meaning given by section 59(2) of the 2004 Act and regulations made under that section;\n“scheme year”, in relation to a scheme, means—\n(a) a year specified for the purpose of the scheme in any document comprising the scheme or, if none, a period of 12 months beginning on 1st April or on such other date as the trustees or managers select; or\n(b) such other period (if any) exceeding 6 months but not exceeding 18 months as is selected by the trustees or managers—\n(i) in connection with the commencement or termination of the scheme; or\n(ii) in connection with a variation of the date on which the year or period referred to in paragraph (a) is to begin.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1993 c.48."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1995 c.26."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "The definitions of “pension credit member” and “pension credit rights” were inserted by paragraph 61 of Schedule 12 to the Welfare Reform and Pensions Act 1999 (c. 30)."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "A relevant amendment of section 124(1) was made by paragraph 69(2) of Schedule 12 to the Pensions Act 2004."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2005/0110522176/regulation/2",
    "retrieved_at": "2026-10-30T15:23:07.139455+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}