Regulation 16 Eligible schemesF1

(1)

Except as otherwise provided in this Part, for the purposes of Part 2 of the Act, except Chapter 4, as it applies to a section of a scheme to which regulation 14 applies, references to “an eligible scheme” shall be read as if they were references to a multi-employer section of a segregated scheme where that section, if it were a scheme, would not be—

(a)

a money purchase scheme; or

(b)

a scheme which is a prescribed scheme or a scheme of a prescribed description under section 126(1)(b) of the Act.

(2)

Paragraph (1) shall not apply for the purposes of sections 174 to 181 of the Act (the levies).

Annotations

Textual amendments

F1: Pt. 3 substituted (1.8.2005) by The Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/2113), regs. 1(2), 10(3)