Paragraph 12

In regulation 2(3) of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 M1 (circumstances when a scheme is being wound up for the purposes of regulation 2(1)) for “regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996 apply” substitute “ section 124(3A) and (3B) of the 1995 Act apply (but subject to section 124(3C) and (3E)) ”.