Paragraph 8

(1)

The Occupational Pension Schemes (Contracting-out) Regulations 1996 M1 are amended as follows.

(2)

In regulation 48 (special provision for overseas schemes)—

(a)

in paragraph (5)(c) for “paragraphs (a) to (e) of section 73(3)” substitute “ section 73(4) ”;

(b)

in paragraph (5)(ca)—

(i)

for “in those paragraphs” substitute “ in section 73(4) ”; and

(ii)

after “earlier paragraphs” insert “ of that section ”;

(c)

paragraph (5A) is omitted.

(3)

In regulation 72(2) (transitional requirements as to sufficiency of resources of salary-related schemes) for the words from “paragraphs (a) to (e)” to the end substitute “ section 73(4) of the 1995 Act (liabilities towards which scheme assets must be applied first on winding up). ”.

Annotations

Marginal citations

M1: S.I. 1996/1172; the relevant amending instrument is S.I. 1997/786.