# Finance Act 2004, Section 274ZZB: Collective money purchase schemes


(1) In this Part “collective money purchase scheme” means (subject to subsection (2)) a collective money purchase scheme within the meaning of Part 1 or 2 of the Pension Schemes Act 2021.
(2) A reference in this Part to a collective money purchase scheme is, in relation to a relevant divided pension scheme, a reference to the pension scheme as a whole (and is not a reference to any of its sections considered separately).
(3) In this section “relevant divided pension scheme” means a pension scheme which is divided into sections at least one of which is a collective money purchase scheme under subsection (1).
(4) For the purposes of this Part a pension scheme is an “unauthorised collective money purchase scheme” if—
(a) the lawful operation of the pension scheme, or (in the case of a relevant divided pension scheme) of any section of it, requires authorisation under Part 1 or 2 of the Pension Schemes Act 2021, and
(b) such authorisation has not been granted, or has been granted but has been withdrawn.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/274ZZB (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-274ZZB
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.