{
  "url": "https://openlegislation.uk/occupational-pension-schemes-fraud-compensation-levy-regulations-2006/regulation-2",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-fraud-compensation-levy-regulations-2006/regulation-2.json",
  "legislation": "uksi/2006/558",
  "legislation_title": "The Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-fraud-compensation-levy-regulations-2006",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“the Act” means the Pensions Act 2004;\n“the Employer Debt Regulations” means the Occupational Pension Schemes (Employer Debt) Regulations 2005 ;\n“financial year” means a period of 12 months ending with 31st March;\n“life member”, in relation to a scheme, means a person who is an active member but whose service under the scheme is only pensionable service for the purposes of death benefits;\n“member”, in relation to a scheme, means a person who is one or more of the following—\n(a)an active member (but not a life member);\n(b)a deferred member (including where a life member would be a deferred member if he were not an active member);\n(c)a pensioner member; or\n(d)a pension credit member;\n“registrable scheme” means a scheme to which regulation 2 of the Register of Occupational and Personal Pension Schemes Regulations 2005 (registrable schemes) applies;\n“relevant public authority” has the meaning given in section 307(4) of the Act (modification of the Act in relation to certain categories of schemes);\n“scheme” means an occupational pension scheme to which Chapter 4 of Part 2 of the Act (fraud compensation) applies;\n“scheme year”, in relation to a scheme, means—\n(a)a year specified for the purposes of the scheme in any document comprising the scheme or, if none, a period of 12 months beginning on 1st April, or on such other date as the trustees or managers select; or\n(b)such other period (if any) exceeding 6 months but not exceeding 18 months as is selected by the trustees or managers—\n(i)in connection with the commencement or termination of the scheme; or\n(ii)in connection with a variation of the date on which the year or period referred to in paragraph (a) is to begin;\n“stakeholder pension scheme” means a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999 (meaning of stakeholder pension scheme) which is established under a trust;\n“unallocated assets”, in relation to a scheme, means any assets of the scheme which have not been specifically allocated for the provision of benefits to, or in respect of, members (whether generally or individually).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "S.I. 2005/678, to which there are amendments not relevant to these Regulations."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "S.I. 2005/597."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "1999 c. 30."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/558/regulation/2",
    "retrieved_at": "2026-10-29T04:36:07.236395+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}