{
  "url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/introduction",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/introduction.json",
  "legislation": "uksi/1996/1976",
  "legislation_title": "The Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "PENSIONS\nMade 25th July 1996\nComing into force 1st August 1996\nWhereas a draft of these Regulations was laid before Parliament in accordance with the provisions of section 175(2)(b) of the Pensions Act 1995 and approved by resolution of each House of Parliament:\nNow, therefore, the Secretary of State for Social Security, in exercise of the powers conferred upon him by sections 78(6) and 124(1) of the Pensions Act 1995, and of all other powers enabling him in that behalf, by this instrument, which is made before the end of the period of 6 months beginning with the coming into force of the provisions of Part I of that Act by virtue of which they are made, hereby makes the following Regulations:—",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1995 c. 26."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 124(1) is cited because of the meaning ascribed to “prescribed” and “regulations”."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "See section 120(2)(c) of the Pensions Act 1995. This provides that the requirement to consult does not apply where regulations are made before the end of 6 months beginning with the coming into force of the provisions of Part I of the Pensions Act 1995 by virtue of which they are made."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1976/introduction",
    "retrieved_at": "2026-10-29T12:37:51.769988+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."
}