Regulation 3 Amendment of the Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006

In regulation 3(3) of the Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006 (the fraud compensation levy)^f1, for sub-paragraph (b) substitute—

“(b)

not exceed—

(i)

in the case of a scheme which is authorised by the Regulator under section 5 of the Pension Schemes Act 2017 (decision on application), 65 pence per member, and

(ii)

in any other case, £1.80 per member.”