Regulation 2 Interpretation

In these Regulations—

• “the 2000 Act” means the Financial Services and Markets Act 2000;

• “the 2004 Act” means the Finance Act 2004^f1;

• “pension scheme” means—

  1. (a)

     a scheme that is a registered pension scheme for the purposes of Part 4 of the 2004 Act^f2;

  2. (b)

     a scheme that would have been treated as becoming a registered pension scheme on 6th April 2006—

     1. (i)

        had it not been wound up before that date; or

     2. (ii)

        if the relevant administrator had not notified Revenue and Customs under paragraph 2 of Schedule 36 (opting out of deemed registration) to the 2004 Act that the pension scheme was not to become a registered pension scheme on that date;

• “primary beneficiary” means—

  1. (a)

     a person who is in receipt of payments under an annuity; or

  2. (b)

     a person who has a right to payments at a future date under an annuity;

• “relevant administrator” has the meaning given in paragraph 2(6) of Schedule 36 to the 2004 Act;

• “secondary beneficiary” means a person with a right to payments under an annuity that is contingent on the death of the primary beneficiary, whether or not that right is subject to the discretion of another person.