# The Pension Scheme Surpluses (Valuation) Regulations 1987, Regulation 2: Interpretation


In these Regulations unless the context otherwise requires—
“administrator” means the person or persons having the management of a scheme;
“Board” means Commissioners of Inland Revenue;
“the effective date” in relation to a valuation is the date stated to be the effective date in the signed valuation;
“employer” means employer of members of a scheme;
“indexed-gilt” means a public sector index-linked security;
“insured scheme” means a scheme the contributions to which, apart from voluntary contributions made by members, are invested wholly by way of insurance premiums;
a “Paragraph” (not being a paragraph of a regulation) means a paragraph of Schedule 12;
“retail prices index” means the general index of retail prices (for all items) published by the Department of Employment;
“Schedule 12” means Schedule 12 to the Finance Act 1986;
“scheme” means an exempt approved scheme within the meaning of section 21 of the Finance Act 1970;
“self-administered scheme” means a scheme some or all of the income and other assets of which are invested otherwise than in insurance policies;
“signed valuation” has the meaning given to it by regulation 9(4).

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Source: https://www.legislation.gov.uk/uksi/1987/412/regulation/2 (the official version)
Page: https://openlegislation.uk/pension-scheme-surpluses-valuation-regulations-1987/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.