Regulation 47 Eligible schemesI1

(1)

Except as otherwise provided in this Part, for the purposes of Part 2 of the Act, except Chapter 4, as it applies in the case of a segregated part to which regulation 45 applies, references to “an eligible scheme” shall be read as if they were references to a segregated part of the scheme in circumstances where that segregated part, 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) above shall not apply for the purposes of sections 174 to 181 of the Act (the levies).

Annotations

Commencement

I1: Reg. 47 partly in force; reg. 47 not in force at made date; reg. 47 in force at 1.4.2005 for certain purposes and reg. 47 in force at 6.4.2005 in so far as not already in force, see reg. 1(1)(c)(d)