Paragraph 1

Paragraphs 2 to 7 of this Schedule apply to a scheme which—

(a)

is either—

(i)

subject to section 56 of the 1995 Act (minimum funding requirement), or

(ii)

exempted from the application of that section by regulation 28 of the Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996 M1 (“the 1996 Regulations”),

immediately before the commencement date, and

(b)

becomes subject to Part 3 of the 2004 Act (scheme funding) on that date.

Annotations

Marginal citations

M1: S.I. 1996/1536; relevant amending instruments are S.I. 1997/786 and 1997/3038.