# The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996, Regulation 2: Interpretation

Extent: E+W+S

(1) For the purposes of these Regulations the time when a scheme begins to be wound up shall be determined in accordance with regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996 .
(2) In these Regulations, unless the context otherwise requires —
“the actuary” means the actuary appointed for the scheme in pursuance of section 47(1)(b) or, in the case of a scheme to which that provision does not apply by virtue of regulations made under subsection (5) of that section, an actuary otherwise authorised by the trustees or managers to provide such valuations or certifications as may be required under these Regulations;
“the applicable time" has the same meaning as in section 75 (but see the modifications in regulations 4(3), 6(3) and 7(2));
...
“employer" has the same meaning as in section 75 (but see paragraph (4) and regulations 5, 6 and 9);
“the MFR Regulations" means the Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996 ;
“money purchase scheme" means an occupational pension scheme under which all the benefits that may be provided other than death benefits are money purchase benefits
“the Taxes Act" means the Income and Corporation Taxes Act 1988 .
(3) References in these Regulations to a relevant insolvency event occurring in relation to an employer have the same meaning as in section 75.
(4) In these Regulations “scheme" must be construed in appropriate cases in accordance with subsections (1B) and (1C) of section 75 (as inserted by regulation 4(2) or, as the case may be, regulation 8) and Schedule 2 (and “employer" and “member" must be construed accordingly).
(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 Financial Reporting Council Limited, with any such revisions at the applicable time.
(6) References in these Regulations to the guidance in GN 27 are to the guidelines on minimum funding requirement (GN 27), published by the Institute and Faculty of Actuaries and approved for the purposes of the MFR Regulations by the Secretary of State, with such revisions as have been so approved at the applicable time.
(7) Subject to the previous provisions of this regulation and unless the context otherwise requires —
(a) expressions used in these Regulations have the same meaning as if they were used in Part I of the Pensions Act 1995; and
(b) in these Regulations any reference to a section shall be construed as a reference to a section of that Act.

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Source: https://www.legislation.gov.uk/uksi/1996/3128/regulation/2 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-deficiency-on-winding-up-etc-regulations-1996/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.