{
  "url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employer-regulations-2006/regulation-12",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employer-regulations-2006/regulation-12.json",
  "legislation": "uksi/2006/802",
  "legislation_title": "The Occupational Pension Schemes (Payments to Employer) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employer-regulations-2006",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Exemptions",
  "text": "(1) Sections 37 and 76 (excess assets on winding up) of the 1995 Act shall not apply to a scheme where—\n(a) a Minister of the Crown has given a guarantee or made any other arrangements for the purpose of securing that the assets of the scheme are sufficient to meet its liabilities;\n(b) arrangements for the payment of any surplus or for the distribution of any excess assets on the winding up of the scheme are subject to the approval of a Minister of the Crown; or\n(c) the scheme does not fall within the description of schemes prescribed in regulation 3(1).\n(2) Where such a guarantee has been given as is mentioned in paragraph (1)(a) or (b) in respect of only part of a scheme, sections 37 and 76 of the 1995 Act, shall apply as if that part and the other part of the scheme were separate schemes.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/802/regulation/12",
    "retrieved_at": "2026-10-29T04:33:41.928151+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."
}