Regulation 6 Amendment of the Occupational Pension Schemes (Winding Up) Regulations 1996

For regulation 8(6)(b)(i) of the Occupational Pension Schemes (Winding Up) Regulations 1996^f1 (requirements to be satisfied by transferee schemes, annuities etc.), substitute—

“(i)

of a lump sum—

(aa)

that is a trivial commutation lump sum or a winding up lump sum for the purposes of Part 1 of Schedule 29 to the Finance Act 2004^f2 is made to a member; or

(bb)

is made by a registered pension scheme (within the meaning given in section 150(2) of the Finance Act 2004 (meaning of “pension scheme”)), is a payment that is described in Part 2 of the Registered Pension Schemes (Authorised Payments) Regulations 2009 and is made to or in respect of a member; and”.