{
  "url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employers-regulations-1996/regulation-1",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employers-regulations-1996/regulation-1.json",
  "legislation": "uksi/1996/2156",
  "legislation_title": "The Occupational Pension Schemes (Payments to Employers) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-payments-to-employers-regulations-1996",
  "path": "regulation/1",
  "kind": "regulation",
  "number": "1",
  "heading": "Citation, commencement and interpretation",
  "text": "(1) These Regulations may be cited as the Occupational Pension Schemes (Payments to Employers) Regulations 1996 and shall come into force on 6th April 1997.\n(2) Unless the context otherwise requires, in these Regulations —\n“the 1995 Act”means the Pensions Act 1995;\n“the Authority”means the Occupational Pensions Regulatory Authority established under section 1 of the 1995 Act;\n“surplus”means an excess in the value of the assets in a scheme over its liabilities by more than the maximum percentage prescribed under Schedule 22 to the Taxes Act;\n“the Taxes Act”means the Income and Corporation Taxes Act 1988,\nand any other expressions used in these Regulations have the same meaning as in Part I of the 1995 Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Schedule 22 deals with the reduction of pension fund surpluses."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1988 c. 1."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/2156/regulation/1",
    "retrieved_at": "2026-10-29T12:36:39.723772+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."
}