Paragraph 2 Amendment of the Winding Up RegulationsI1

in the heading at the end there shall be added “for schemes beginning to be wound up before 6th April 2005”;

in paragraph (1) after “Article 73(3) applies” there shall be inserted “if the scheme begins to be wound up before 6th April 2005”;

in paragraph (1)(b)^f1 the words “and before the expiry of the transitional period” shall be omitted;

paragraphs (1)(c), (2) and (7)^f2 shall be omitted;

in paragraph (8), as it applies where regulation 3(d) of the Occupational Pension Schemes (Winding Up) (Amendment) Regulations (Northern Ireland) 2004^f3 does not apply, the words “and 8(4)” shall be omitted; and

after paragraph (8) there shall be added the following paragraph –

“(9)

Paragraph (8) does not apply where regulation 7(3)(b)(iv) of the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996 applies as amended by regulation 15 of the Occupational Pension Schemes (Winding up, etc.) Regulations (Northern Ireland) 2005.”.