Regulation 20 Assessment periodsF1

Section 132 of the Act (assessment periods) shall be modified in its application to a section of a scheme to which regulation 14 applies so that it shall be read as if—

(a)

in subsection (2)—

(i)

for the words “in relation to an eligible scheme”, there were substituted the words “in relation to a multi-employer section of a segregated scheme which is, for the purposes of this Part, an eligible scheme”;

(ii)

for the words “the employer”, there were substituted the words “an employer in relation to that section”; and

(iii)

after the words “an assessment period”, there were inserted the words “in relation to the section”;

(b)

in subsection (4), for the words “in relation to an eligible scheme, an application is made under section 129(1) or a notification is received under section 129(5)(a), an assessment period”, there were substituted the words “in relation to a multi-employer section of a segregated scheme which is, for the purposes of this Part, an eligible scheme, an application is made under section 129(1)(a) or (b) or a notification is received under section 129(4)(b), an assessment period in relation to that section of the scheme”; and

(c)

in subsection (5), for the words “section 129(5)(a)”, there were substituted the words “section 129(4)(b)”.

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)