{
  "url": "https://openlegislation.uk/occupational-pension-schemes-scheme-administration-regulations-1996/regulation-15",
  "json_url": "https://openlegislation.uk/occupational-pension-schemes-scheme-administration-regulations-1996/regulation-15.json",
  "legislation": "uksi/1996/1715",
  "legislation_title": "The Occupational Pension Schemes (Scheme Administration) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/occupational-pension-schemes-scheme-administration-regulations-1996",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Employer to make payments of benefits into a separate account",
  "text": "(1) An employer is required, in cases where payments of benefits to members of trust schemes are made by him, to make into a separate account kept by him at a deposit taker, any payment of benefit which has not been made to a member within 2 business days from the date of receipt by the employer.\n(2) (a) In this regulation “deposit taker” means—\n(i) a person who has permission under Part 4 of the Financial Services and Markets Act 2000 to accept deposits; ...\n(ii) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) sub-paragraph (a) must be read with—\n(i) section 22 of the Financial Services and Markets Act 2000,\n(ii) any relevant order under that section, and\n(iii) Schedule 2 to that Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 15(1) : reg. 15 renumbered as reg. 15(1) (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649) , arts. 1 , 531(2) , reg. 1"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 15(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649) , arts. 1 , 531(3) , reg. 1"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Reg. 15(2) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 531(4), reg. 1"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Reg. 15(2)(a)(ii) and word omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 10(4); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1715/regulation/15",
    "retrieved_at": "2026-10-29T12:39:59.158820+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."
}