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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Rules)

These Rules amend the Hybrid Schemes Quality Requirements Rules (Northern Ireland) 2012, in consequence of the Pensions Act (Northern Ireland) 2015 (c. 5 (N.I.)), to reflect the introduction of the alternative tests of scheme quality for defined benefit and hybrid schemes and the abolition of contracting-out for salary related pension schemes.