Regulation 2 Interpretation

In this regulation—

In these Regulations—

• “FA 2004” means the Finance Act 2004 M1;

• “ICTA” means the Income and Corporation Taxes Act 1988 M2;

• “ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003 M3;

• F1“P(No.2)A (NI) 2008 ” means the Pensions ( No. 2) Act (Northern Ireland) 2008;

• “PA 2008” means the Pensions Act 2008;

• “the Pensions Act” (without more) means the Pensions Act 2004 M4;

• “the Pensions Order” means the Pensions (Northern Ireland) Order 2005 M5;

• “TCGA 1992” means the Taxation of Chargeable Gains Act 1992 M6.

In these Regulations—

• “the Board of the Pension Protection Fund” means the body corporate established under section 107 of the Pensions Act;

• “dependant” is to be construed in accordance with paragraph 15 of Schedule 28 to FA 2004 M7;

• “dependants' scheme pension” is to be construed in accordance with paragraph 16 of Schedule 28 to FA 2004 M8;

• “the Fraud Compensation Fund” has the meaning given by regulation 3(1);

• “fraud compensation payment”—

  1. (a)

     in England, Wales and Scotland means a fraud compensation payment within the meaning of Part 2 of the Pensions Act (see section 182(1) of that Act), and

  2. (b)

     in Northern Ireland means a fraud compensation payment within the meaning of Part 3 of the Pensions Order (see Article 165(1) of that Order);

• “Part 4” means Part 4 of FA 2004 (pension schemes);

• “the pension compensation provisions”—

  1. (a)

     F2 in England, Wales and Scotland is to be construed in accordance with section 108 of PA 2008 (interpretation), and

  2. (b)

     in Northern Ireland is to be construed in accordance with section 87 of P(No.2)A(NI ) 2008 (interpretation);

• “the Pension Protection Fund” has the meaning given by regulation 3(1);

• “the Pensions Act Funds” has the meaning given by regulation 3(1);

• “the Pensions Act levies” means the levies specified in paragraph (2) or (3) of regulation 3, as the case may require;

• “periodic compensation”—

  1. (a)

     in England, Wales and Scotland is to be construed in accordance with Schedule 7 to the Pensions Act (pension compensation provisions) F3or, as the case may be, Schedule 5 to PA 2008 (pension compensation payable on discharge of pension compensation credit), and

  2. (b)

     in Northern Ireland is to be construed in accordance with Schedule 6 to the Pensions Order (pension compensation provisions)or, as the case may be, Schedule 4 to P(No.2)A(NI) 2008 (pension compensation payable on discharge of pension compensation credit);

• F4 “ PPF money purchase lump sum”—

  1. (a)

     in England, Wales and Scotland has the meaning given by regulation 1(2) of the Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006 (citation, commencement and interpretation), and

  2. (b)

     in Northern Ireland has the meaning given by regulation 1(2) of the Pension Protection Fund (General and Miscellaneous Amendments) Regulations (Northern Ireland) 2006 (citation, commencement and interpretation).

• “registered pension scheme” has the meaning given by section 832(1) of ICTA M9;

• “Schedule 36” means Schedule 36 to FA 2004 (transitional provisions);

• “scheme pension” is to be construed in accordance with paragraph 2 of Schedule 28 to FA 2004 M10 .