Regulation 8 Insertion of the definition of “segregated scheme”

In each of the provisions specified in paragraph (2), in the appropriate alphabetical place, insert—

• ““segregated scheme” means a multi-employer scheme which is divided into two or more sections where—

  1. (a)

     any contributions payable to the scheme by an employer in relation to the scheme or by a member are allocated to that employer’s or that member’s section; and

  2. (b)

     a specified proportion of the assets of the scheme is attributable to each section of the scheme and cannot be used for the purposes of any other section;”.

The specified provisions are—