Regulation 40 Interpretation

In this Part—

• “the paragraph (a) quality requirements” means the requirements for a money purchase scheme under section 20 of the Act (referred to in relation to hybrid schemes in paragraph (a) of section 24(1) (quality requirements: UK hybrid schemes) of the Act);

• “the paragraph (b) quality requirements” means the requirements for a defined benefits scheme under sections 21 to F123A of the Act (referred to in relation to hybrid schemes in paragraph (b) of section 24(1) of the Act);

• “relevant rule” means any rule made under section 24(2) to (4) of the Act M1.