Paragraph 8

In the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996^f1—

(a)

in regulation 2 (interpretation)—

(i)

in paragraph (2)^f2, in the appropriate alphabetical place insert—

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

(ii)

for paragraph (5), substitute—

“(5)
References in these Regulations to the guidance in GN 19 are to the guidelines on winding up and scheme asset deficiency (GN 19), adopted or prepared, and from time to time revised, by the Board for Actuarial Standards and approved for the purposes of these Regulations by the Secretary of State, with such revisions as have been so approved at the applicable time.”; and

(b)

in Schedule 1^f3 (form of actuary’s certificate) after “(GN 19)” insert “adopted or prepared, and from time to time revised by the Board for Actuarial Standards”.

Annotations

Footnotes

f1: S.I. 1996/3128.
f2: Paragraph (2) was amended by S.I. 1997/786 and 3038.
f3: Schedule 1 was amended by S.I. 2002/380 and 2005/72 and 678.