Regulation 13 Amendment of the Occupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) Regulations 2005

(1)

Amend the Occupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) Regulations 2005^f1 as follows.

(2)

In regulation 2 (prescribed schemes)—

(a)

in paragraph (1)—

(i)

in sub-paragraph (f)(i) for “all decisions which fall to be made by the trustees are made by unanimous agreement by” substitute “any decision made by the trustees is made by the unanimous agreement of”;

(ii)

in sub-paragraph (g)—

(aa)

for “where a company is a trustee” substitute “where a company is the sole trustee”;

(bb)

in head (i) for “are made by the unanimous agreement of all the directors” substitute “is made by the unanimous agreement of the directors”;

(cc)

in head (ii) for “one of the directors is a trustee who” substitute “one of the directors of the company”;

(iii)

at the end of sub-paragraph (j) insert “or”;

(iv)

at the end sub-paragraph (k) omit “or”; and

(v)

omit sub-paragraph (l); and

(b)

in paragraph (2) for “paragraph 1(a) to (l)” substitute “paragraph 1(a) to (k)”.

Annotations

Footnotes

f1: S.I. 2005/2184.