{
  "url": "https://openlegislation.uk/occupational-pension-schemes-modification-regulations-1990/note",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-modification-regulations-1990/note.json",
  "legislation": "uksi/1990/2021",
  "legislation_title": "The Occupational Pension Schemes (Modification) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-modification-regulations-1990",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations are made under section 64 of the Social Security Act 1973.\nRegulation 2 allows the Occupational Pensions Board to make orders to enable schemes to reduce the amount of their surplus assets in accordance with Schedule 22 to the Income and Corporation Taxes Act 1988.\nRegulation 3 sets out the requirements that must be satisfied before the Board can make an order to enable schemes to reduce the amount of their surplus assets.\nRegulation 4 allows the Board to make orders to enable schemes to change their rules to reflect the requirements of overriding legislation.\nThe report of the Occupational Pensions Board on the draft of these Regulations which was referred to them, together with a statement by the Secretary of State showing that these Regulations give effect to the Board's recommendations, is contained in Command Paper No. 1255, published by Her Majesty's Stationery Office.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/2021/note",
    "retrieved_at": "2026-10-29T14:59:22.283179+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."
}