# The Occupational Pension Schemes (Transfer Values) Regulations 1996, Regulation 2A: Collective money purchase schemes during winding-up


(1) Chapter 1 of Part 4ZA of the 1993 Act does not apply to a member of a collective money purchase scheme which is pursuing continuity option 1 within the meaning of sections 34 and 36 of the Pension Schemes Act 2021, during the winding-up period for that scheme.
(2) In this regulation—
“single or connected employer scheme” and “unconnected multiple employer scheme” have the meanings given by section 1(3) of the Pension Schemes Act 2021;
“winding-up period” has the meaning given by—
(a)in relation to a single or connected employer scheme, paragraph 1(1) of Schedule 6 to the Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022;
(b)in relation to an unconnected multiple employer scheme, paragraph 1(1) of Schedule 6 to the Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025.

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Source: https://www.legislation.gov.uk/uksi/1996/1847/regulation/2A (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996/regulation-2A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.