{
  "url": "https://openlegislation.uk/occupational-pension-schemes-modification-of-schemes-regulations-1996/note",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-modification-of-schemes-regulations-1996/note.json",
  "legislation": "uksi/1996/2517",
  "legislation_title": "The Occupational Pension Schemes (Modification of Schemes) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-modification-of-schemes-regulations-1996",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThe Occupational Pension Schemes (Modification of Schemes) Regulations 1996 (“the Regulations”) are made before the end of the period of six months beginning with the coming into force of sections 67 and 68 of the 1995 Act. The Regulations are accordingly exempt from the requirement to consult by virtue of section 120(2)(c) of the Pensions Act 1995 (c. 26).\nRegulation 1 relates to citation, commencement and interpretation.\nRegulation 2 extends the meaning of “member” for the purposes of section 67 of the Pensions Act and these Regulations.\nRegulation 3 makes provision in respect of the certification requirements which an actuary must provide before any person can exercise a power to modify the scheme.\nRegulation 4 makes provision in respect of obtaining the consent of a member before any person can exercise a power to modify the scheme.\nRegulation 5 makes provision in respect of the circumstances in which consent of a member may be treated as given in respect of a power to modify the scheme.\nRegulation 6 provides that the restriction on the power to modify does not apply to the exercise of the power in a prescribed manner.\nRegulation 7 exempts certain schemes from the provisions which allow trustees of trust schemes to modify the scheme by resolution.\nRegulation 8 provides for civil penalties to be imposed by the Occupational Pensions Regulatory Authority where the requirements of specified regulations have not been complied with.\nAn assessment of the compliance cost for employers of the measures arising from the Pensions Act 1995, including regulations, has been placed in the libraries of both Houses of Parliament. Copies can be obtained by post from the Department of Social Security, Private Pensions, 11th Floor, Adelphi, 1-11 John Adam Street, London WC2N 6HT.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/2517/note",
    "retrieved_at": "2026-10-29T12:34:42.702222+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."
}