{
  "url": "https://openlegislation.uk/draft-pensions-northern-ireland-order-2005/article-268",
  "json_url": "https://openlegislation.uk/draft-pensions-northern-ireland-order-2005/article-268.json",
  "legislation": "ukdsi/2005/0110490924",
  "legislation_title": "The Pensions (Northern Ireland) Order 2005",
  "legislation_url": "https://openlegislation.uk/draft-pensions-northern-ireland-order-2005",
  "path": "article/268",
  "kind": "article",
  "number": "268",
  "heading": "Power of Regulator to require ring-fencing of assets",
  "text": "(1) Where the trustees or managers of an occupational pension scheme receive contributions to the scheme from a European employer, the Regulator may in prescribed circumstances issue a notice (“a ring-fencing notice”) to the trustees or managers of the scheme directing them to take, or refrain from taking, such steps of a prescribed description as are specified in the notice for the purpose of ring-fencing some or all of the assets or liabilities (or both) of the scheme.\n(2) In paragraph (1), “ring-fencing” has the same meaning as in the Directive.\n(3) If the trustees or managers of an occupational pension scheme fail to comply with a ring-fencing notice given to them, Article 10 of the 1995 Order (civil penalties) applies to any trustee or manager who has failed to take all reasonable steps to secure compliance.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2005/0110490924/article/268",
    "retrieved_at": "2026-10-30T15:24:17.971403+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."
}