Regulation 49 Board's duty where application or notification received under section 129I1

United Kingdom

Section 130 of the Act (Board's duty where application or notification received under section 129) shall be modified in its application to a segregated part to which regulation 45 applies so that it shall be read as if—

(a)

after the words “a scheme rescue is not possible” in subsection (2), there were inserted the words “ in relation to a segregated part of a non-segregated scheme ”;

(b)

after the words “a scheme rescue has occurred” in subsection (3), there were inserted the words “ in relation to a segregated part ”;

(c)

after subsection (4), there were inserted the following subsection—

“(4A)
Where the trustees or managers of a segregated part of a non-segregated scheme receive a copy of a notice from the Board under subsection (4), they must send a copy of that notice as soon as practicable to all the employers in relation to the scheme.”;

F1(d)

in subsection (5)—

(i)

in paragraph (a), for the words “in relation to an occupational pension scheme” there were substituted the words “in relation to a segregated part of a non-segregated scheme”; and

(ii)

in paragraph (b), for the words “in relation to such a scheme” there were substituted the words “in relation to such a segregated part”; and

(e)

after subsection (7), there were inserted the following subsection—

“(7A)
Where the trustees or managers of a segregated part of a non-segregated scheme receive a notice from the Board under subsection (7) together with a copy of the binding notice, they must send a copy of the notice and the binding notice as soon as practicable to all the employers in relation to the scheme.”.

Annotations

Textual amendments

F1: Reg. 49(d) substituted (1.4.2005) by The Occupational Pension Schemes and Pension Protection Fund (Amendment) Regulations 2005 (S.I. 2005/993), regs. 1(1), 5(6)(c)

Commencement

I1: Reg. 49 wholly in force at 6.4.2005; reg. 49 not in force at made date; reg. 49(d) in force at 9.3.2005 for certain purposes and reg. 49 in force at 6.4.2005 in so far as not already in force, see reg. 1(1)(a)(d)