# The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006, Regulation 3: Prescribed exemptions from requirement to have member-nominated directors of corporate trustees


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—
(a) has fewer than two members;
(b) is a scheme to which section 22 of the 1995 Act applies;
(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;
(d) is a relevant small occupational pension scheme;
(e) is a relevant centralised scheme;
(f) is a direct payment, paid-up insurance scheme;
(g) is a former old code scheme;
(h) is a section 615(6) scheme;
(i) is set up under section 2 of the Parliamentary and other Pensions Act 1987;
(j) has been modified under Schedule 5 to the Coal Industry Act 1994;
(k) is a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999;
(l) is a scheme which is a relevant executive pension scheme in relation to the company;
(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) is a small insured scheme;
(o) is independent of the employer by virtue of the employer having been dissolved or liquidated prior to 6th April 2005;
(p) is a scheme which is a relevant wholly insured scheme;...
(q) is a scheme where the trustee is a body governed by church legislation.
(r) is set up under section 18 of the Government of Wales Act 1998;
(s) is designated as an existing scheme by virtue of article 15 of the Railway Pensions (Protection and Designation of Schemes) Order 1994.

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Source: https://www.legislation.gov.uk/uksi/2006/714/regulation/3 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-member-nominated-trustees-and-directors-regulations-2006/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.