Regulation 22 Refusal to assume responsibility – new schemes created to replace existing schemes
The prescribed period referred to in section 147(1)(a) of the Act (new schemes created to replace existing schemes) during which the Board must be satisfied that a new occupational pension scheme was established shall be the period of three years preceding the date on which an assessment period began in relation to the scheme.
Paragraph (1) above shall have effect in relation to—
a section of a segregated scheme,
a multi-employer section of a segregated scheme, or
a segregated part of—
a multi-employer section of a segregated scheme, or
a non-segregated scheme,
as if that section, or segregated part, were a separate occupational pension scheme M1.
Annotations
Marginal citations
- M1
Section 147(1) of the Pensions Act 2004 is modified by the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005 (S.I. 2005/441) in its application to sections and multi-employer sections of segregated schemes and segregated parts of multi-employer sections of segregated schemes and non-segregated schemes.