{
  "url": "https://openlegislation.uk/occupational-pension-schemes-member-nominated-trustees-and-directors-regulations-2006/regulation-3",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-member-nominated-trustees-and-directors-regulations-2006/regulation-3.json",
  "legislation": "uksi/2006/714",
  "legislation_title": "The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-member-nominated-trustees-and-directors-regulations-2006",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Prescribed exemptions from requirement to have member-nominated directors of corporate trustees",
  "text": "For the purposes of section 242(10) of the Act (requirement for member-nominated directors of corporate trustees) a scheme is of a prescribed description if the scheme—\n(a) has fewer than two members;\n(b) is a scheme to which section 22 of the 1995 Act applies;\n(c) is an occupational pension scheme within the meaning given by section 1 of the Pension Schemes Act 1993, but if it is not a registered pension scheme;\n(d) is a relevant small occupational pension scheme;\n(e) is a relevant centralised scheme;\n(f) is a direct payment, paid-up insurance scheme;\n(g) is a former old code scheme;\n(h) is a section 615(6) scheme;\n(i) is set up under section 2 of the Parliamentary and other Pensions Act 1987;\n(j) has been modified under Schedule 5 to the Coal Industry Act 1994;\n(k) is a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999;\n(l) is a scheme which is a relevant executive pension scheme in relation to the company;\n(m) is a scheme where all the directors (or the sole director) of the trustee (or trustees) are independent within the meaning given by section 23(3) of the 1995 Act;\n(n) is a small insured scheme;\n(o) is independent of the employer by virtue of the employer having been dissolved or liquidated prior to 6th April 2005;\n(p) is a scheme which is a relevant wholly insured scheme;...\n(q) is a scheme where the trustee is a body governed by church legislation.\n(r) is set up under section 18 of the Government of Wales Act 1998;\n(s) is designated as an existing scheme by virtue of article 15 of the Railway Pensions (Protection and Designation of Schemes) Order 1994.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 3(m) substituted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 22(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in reg. 3(p) omitted (6.4.2007) by virtue of Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 21(4)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Reg. 3(r)(s) inserted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 21(4)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/714/regulation/3",
    "retrieved_at": "2026-10-29T04:34:26.837224+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."
}