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