OpenLegislation

Regulation 17 Exemption from requirement to secure a payment scheduleF1

For the purposes of section 87(1) of the 1995 Act (requirement for occupational pension schemes which are money purchase schemes to secure and maintain a payment schedule unless the scheme falls within a prescribed class or description) the prescribed class or description is a money purchase scheme which falls within the descriptions referred to in—

(a)

regulation 3(1)(a), (d), (f), (h) F2 ...; or

(b)

regulation 3(1)(c) or (i) where any such scheme has fewer than 100 members.

Annotations

Textual amendments

F1

Reg. 17 substituted (30.8.2005, 22.9.2005 for specified purposes, 6.4.2006 in so far as not already in force) by Occupational Pension Schemes (Administration and Audited Accounts) (Amendment) Regulations 2005 (S.I. 2005/2426), regs. 1(2), 3(10)

F2

Words in reg. 17(a) omitted (6.4.2006) by virtue of Occupational Pension Schemes (Administration and Audited Accounts) (Amendment) Regulations 2005 (S.I. 2005/2426), regs. 1(2)(c), 4(6)

Notes on Part IV

Modifications

C1

Pt. IV continued (temp.) (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 68 (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1))