# The Occupational Pension Schemes (Scheme Funding) Regulations 2005, Paragraph 2


Section 224 of the 2004 Act (actuarial valuations and reports) applies to the scheme as if—
(a) it included a requirement for the trustees or managers of the scheme—
(i) to obtain an actuarial valuation (“the first valuation under the 2004 Act”), in accordance with the requirements specified in paragraph 3 of this Schedule, and
(ii) to ensure that the first valuation under the 2004 Act is received by them within the relevant period specified in paragraph 4 of this Schedule;
(b) neither paragraph (a) of subsection (1) nor subsection (4) applied in relation to the first valuation under the 2004 Act, and
(c) paragraph (a) of subsection (3) were omitted.

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Source: https://www.legislation.gov.uk/uksi/2005/3377/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-scheme-funding-regulations-2005/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.