# The Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005, Regulation 2: Interpretation


(1) In these Regulations—
“the 1995 Act” means the Pensions Act 1995 ;
“the 2004 Act” means the Pensions Act 2004;
“actuarial valuation” has the meaning given by section 224(2)(a) of the 2004 Act;
“the actuary”, in relation to a scheme, means the actuary appointed under section 47(1)(b) of the 1995 Act (professional advisers) in relation to that scheme;
“biometric risk” means liability risks linked to death, disability and longevity;
“the commencement date” means 30th December 2005;
“employer” has the meaning given by section 318(1) of the 2004 Act (general interpretation);
“the effective date” of an actuarial valuation is the date by reference to which the assets are valued and the technical provisions and regulatory own funds requirement calculated;
“regulatory own funds requirement” has the meaning given by regulation 3;
“the relevant accounts” of a scheme are audited accounts for the scheme—
(a)which comply with the requirements imposed under section 41 of the 1995 Act (provision of documents for members); and
(b)which are prepared for the purpose of an actuarial valuation in respect of a period ending with the effective date of the valuation;
“the Regulator” has the meaning given by section 1 of the 2004 Act (the Pensions Regulator);
“schedule of contributions” has the meaning given by section 227(2) of the 2004 Act (schedule of contributions);
“the Scheme Funding Regulations” means the Occupational Pension Schemes (Scheme Funding) Regulations 2005 ;
“statutory funding objective” has the meaning given by section 222(1) of the 2004 Act (the statutory funding objective);
“the Taxes Act” means the Income and Corporation Taxes Act 1988 ;
“technical provisions” has the meaning given by section 222(2) of the 2004 Act.

---
Source: https://www.legislation.gov.uk/uksi/2005/3380/regulation/2 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-regulatory-own-funds-regulations-2005/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.