Regulation 3 Prescribed exemptions from requirement to have member-nominated directors of corporate trustees

has fewer than two members;

is a scheme to which section 22 of the 1995 Act applies;

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;

is a relevant small occupational pension scheme;

is a relevant centralised scheme;

is a direct payment, paid-up insurance scheme;

is a former old code scheme;

is a section 615(6) scheme;

is set up under section 2 of the Parliamentary and other Pensions Act 1987;

has been modified under Schedule 5 to the Coal Industry Act 1994;

is a stakeholder pension scheme within the meaning of section 1 of the Welfare Reform and Pensions Act 1999;

is a scheme which is a relevant executive pension scheme in relation to the company;

is a scheme where F1all 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;

is a small insured scheme;

is independent of the employer by virtue of the employer having been dissolved or liquidated prior to 6th April 2005;

is a scheme which is a relevant wholly insured scheme;F2...

is a scheme where the trustee is a body governed by church legislation.

is set up under section 18 of the Government of Wales Act 1998;

is designated as an existing scheme by virtue of article 15 of the Railway Pensions (Protection and Designation of Schemes) Order 1994.