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Paragraph 3

Original text. Later amendments are not shown.

In the Occupational Pension Schemes (Contracting-out) Regulations 1996f1—

(a)

in regulation 1(2)f2 (interpretation), in the appropriate alphabetical place insert—

  • ““the Board for Actuarial Standards” means the operating body of that name of the Financial Reporting Council;”; and

(b)

for paragraph (a) of regulation 23 (requirements for meeting the statutory standard), substitute—

“(a)

must follow guidance note GN28 adopted or prepared, and from time to time revised, by the Board for Actuarial Standards and approved by the Secretary of State;”.

Annotations

Footnotes

f1

S.I. 1996/1172.

f2

Regulation 1(2) was amended by Schedule 2 to the Social Security Contributions (Transfer of Functions, etc.) Act 1999 (c.12) and by S.I. 1997/786, 1999/3198, 2000/2975, 2005/3377 and 2006/744.