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Paragraph 8 F1

England, Wales and Scotland

(1)

If the notice contains the statement mentioned in paragraph 6(1)(a), the eligible members must be given the opportunity of objecting to the proposed appropriate rules or alternative arrangements.

(2)

If—

(a)

no objections are received within the objection period; or

(b)

objections to the proposed rules F2or arrangements by eligible members totalling less in number than 10 per cent. of the total number of such members which the scheme comprises at the F3beginning of the objection period (or, if it is less, 10,000 eligible members) are received within that period,

the appropriate rules or, as the case may be, the alternative arrangements shall be treated as approved on the last day of the objection period.

(F43)

Where the objection period will begin before the end of the first scheme year, the trustees must determine for the purposes of paragraph 6(2)(c) and sub-paragraph (2)(b) the number which is to be taken as the number of eligible members at the beginning of the objection period.

Annotations

Textual amendments

F1

Regulations revoked with savings (6.4.2006) by The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006 (S.I. 2006/714), regs. 1(1), 6, Sch. (with reg. 4)

F2

Words in Sch. 1 para. 8(2)(b) inserted (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 1, Sch. 1 para. 5(12)(b)(i) (with Sch. 1 para. 5(15))

F3

Word in Sch. 1 para. 8(2)(b) substituted (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 1, Sch. 1 para. 5(12)(b)(ii) (with Sch. 1 para. 5(15))

F4

Sch. 1 para. 8(3) substituted (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 1, Sch. 1 para. 5(12)(c) (with Sch. 1 para. 5(15))