# The Financial Assistance Scheme Regulations 2005, Paragraph 3A

Extent: E+W+S+N.I.

In section 134 (directions)—
(a) in subsection (1), for “there is an assessment period in relation to an eligible scheme” substitute “an occupational pension scheme is a qualifying pension scheme under section 286(2) which has not been fully wound up”;
(b) in subsection (2), for the words from the beginning to “is kept to a minimum” substitute “With a view to ensuring that any reduction in the scheme’s assets is kept to a minimum or that the assets of the scheme are invested in a way which, in the opinion of the scheme manager, is appropriate”;
(ba) in subsection (2), after paragraph (b) insert—
“(ba) the determination of interim pensions,”;
(c) in subsections (2) and (4), for “the Board”, substitute “the scheme manager”; and
(ca) in subsection (3), before paragraph (a) insert—
“(za) “interim pension” has the meaning given by regulations under section 286(1),”;
(d) in subsection (3), after paragraph (a)(i) insert—
“(ia) a professional adviser to the scheme;
(ib) any other person appearing to the scheme manager to be a person who carries out, or is likely to carry out, activities relevant to the use of the assets of the scheme;”.

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Source: https://www.legislation.gov.uk/uksi/2005/1986/schedule/1/paragraph/3A (the official version)
Page: https://openlegislation.uk/financial-assistance-scheme-regulations-2005/schedule-1/paragraph-3A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.