Regulation 4 Amendment of the Occupational Pension Schemes (Contracting-out) Regulations 1996

(1)

The Occupational Pension Schemes (Contracting-out) Regulations 1996^f1 are amended in accordance with this regulation.

(2)

In regulation 9 (making of elections by employers for the variation or surrender of contracting-out certificates)^f2—

(a)

at the end of paragraph (5)(e)(i), insert “and”,

(b)

at the end of paragraph (5)(e)(ii), omit “and”,

(c)

paragraph (5)(e)(iii) becomes paragraph (5)(ea),

(d)

in paragraph (5)(ea), insert at the beginning “where the notice is not about surrendering a contracting-out certificate due to the scheme winding up, contain a statement that”, and

(e)

in paragraph (6), for “such a notice as is mentioned in this regulation” substitute “a notice under this regulation which is not about surrendering a contracting-out certificate due to the scheme winding up”.

(3)

In regulation 12(4) (special provision for holding companies and subsidiaries), for “9(5)(e)(iii)” substitute “9(5)(ea)”.

Annotations

Footnotes

f1: S.I. 1996/1172.
f2: Regulation 9 was amended by S.I. 2002/681.