# The Occupational Pension Schemes (Pensions Compensation Board Limit on Borrowing) Regulations 1996, Introduction: Introductory text


PENSIONS
Made 25th July 1996
Coming into force 1st August 1996
Whereas 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:
Now, 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:—

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Source: https://www.legislation.gov.uk/uksi/1996/1976/introduction (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-pensions-compensation-board-limit-on-borrowing-regulations-1996/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.