Regulation 12 Time when winding up taken to beginC1

Section 124(3A) to (3D) of the 1995 Act M1 (time when winding up of a scheme is to be taken to begin) does not apply for the purposes of—

(a)

sections 73 and 74 of that Act (preferential liabilities on winding up and discharge of liabilities by insurance, etc.) M2, or

(b)

the Occupational Pension Schemes (Winding Up) Regulations 1996 M3.

Annotations

M1: Section 124(3A) to (3D) were inserted by section 49(2) of the Child Support, Pensions and Social Security Act 2000.
M2: Section 73 was amended by section 38(1) of and paragraph 55 of Schedule 12 to the Welfare Reform and Pensions Act 1999. Section 74 was amended by paragraph 56 of Schedule 12 to that Act.
M3: S.I. 1996/3126, as amended by S.I. 1997/786, Schedule 1, paragraph 17, S.I. 1999/3198, regulation 11 and S.I. 2000/2691, regulation 3.

C1: Reg. 12 excluded (6.4.2005) by Occupational Pension Schemes (Winding Up etc.) Regulations 2005 (S.I. 2005/706), regs. 1(2), 12 (with reg. 1(3))