Regulation 3 Exemption from retirement-benefit activities limitation

An occupational pension scheme which—

(a)

has fewer than 100 members;

(b)

provides relevant benefits; and

(c)

is neither—

(i)

an approved scheme;

(ii)

a relevant statutory scheme; nor

(iii)

a registered scheme;

is a scheme of a prescribed description for the purposes of section 255(2) of the 2004 Act (activities of occupational pension schemes).