Paragraph 6 Application of Part 2F1

(1)

This Part of this Schedule applies in relation to a relevant trust scheme if the scheme has one or more continuing in-scope FM providers and—

(a)

immediately before the commencement date, the scheme meets the AMT, or

(b)

the scheme meets the condition in sub-paragraph (2) or (3) (regardless of whether paragraph (a) also applies to the scheme).

(2)

A relevant trust scheme meets the condition in this sub-paragraph if—

(a)

the scheme is one to which Article 4.2 or 4.3 of the 2019 Order applied at any time before the commencement date,

(b)

the scheme met the AMT immediately before the end of the period specified in Article 4.2 or, as the case may be, 4.3, of the 2019 Order, and

(c)

one or more of the scheme’s continuing in-scope FM providers were first appointed on or before 9th June 2019.

(3)

A relevant trust scheme meets the condition in this sub-paragraph if—

(a)

the scheme did not meet the AMT immediately before 11th June 2019, but met the AMT at any time during the period beginning with 11th June 2019 and ending immediately before 10th December 2019, and

(b)

one or more of the scheme’s continuing in-scope FM providers were first appointed on or before 9th December 2019.

Annotations

Textual amendments

F1: Sch. inserted (1.10.2022) by The Occupational Pension Schemes (Governance and Registration) (Amendment) Regulations 2022 (S.I. 2022/825), reg. 1(2), Sch.