Regulation 7A Waiver of the administration levyF1

(1)

This regulation applies to an eligible scheme if, in respect of a financial year—

(a)

any amount payable by way of any pension protection levy in respect of the scheme is waived under regulations made under Article 164(8)(b) of the 2005 Order; and

(b)

the scheme is not a scheme which is authorised under Article 137 of the 2005 Order to continue as a closed scheme.

(2)

In respect of the same financial year, any amount payable by way of the administration levy in respect of the scheme is also waived.

Annotations

Textual amendments

F1: Reg. 7A inserted (30.3.2007) by The Occupational Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2007 (S.R. 2007/210), regs. 1(a), 2(9)

Notes on Part II

Textual amendments

F1: Words in Pt. II cross heading substituted (1.4.2007) by The Occupational Pension Schemes (Levies) (Amendment) Regulations (Northern Ireland) 2007 (S.R. 2007/210), regs. 1(b), 2(3)