# The Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Amendment Regulations 2004, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations amend the Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996 (S.I. 1996/1536) (“the MFR Regulations”).
Regulation 2 amends the definition of “transitional period” in regulation 2 of the MFR Regulations to extend the current minimum funding requirement transitional period for all purposes other than in relation to the exclusion of certain resources from the value of scheme assets.
Regulation 3 amends paragraph 6 of Part I of Schedule 1 to the MFR Regulations to make clear that that paragraph applies even if the scheme is not actually winding up.
A full regulatory impact assessment has not been produced for this instrument as it has no impact on the costs of business.

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Source: https://www.legislation.gov.uk/uksi/2004/3031/note (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-minimum-funding-requirement-and-actuarial-valuations-amendment-regulations-2004/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.