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The Pension Schemes (2021 Act) (Commencement No. 2) Order (Northern Ireland) 2022

S.R. 2022/110 · Made 15 March 2022

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Pensions

Made 15th March 2022

The Department for Communities makes the following Order in exercise of the powers conferred by section 44(2) of the Pension Schemes Act (Northern Ireland) 2021f1.

Annotations to the whole text

Footnotes

f1

2021 c. 6 (N.I.)

Contents

  1. 1Citation
  2. 2Appointed days
  3. Signature
  4. Explanatory note

1Citation

This Order may be cited as the Pension Schemes (2021 Act) (Commencement No. 2) Order (Northern Ireland) 2022.

2Appointed days

The day appointed for the coming into operation of Part 1 of the Pension Schemes Act (Northern Ireland) 2021 (Master Trusts), in so far as not already in operation, is—

(a)

16th March 2022, for the purpose only of authorising the making of regulations, and

(b)

6th April 2022, for all other purposes.

Signature

Sealed with the Official Seal of the Department for Communities on 15th March 2022

(L.S.)

Anne McCleary

A senior officer of the Department for Communities

Explanatory note

(This note is not part of the Order)

This Order provides for the coming into operation of the provisions of Part 1 of the Pension Schemes Act (Northern Ireland) 2021 which are not already in operation. The provisions will come into operation on 16th March 2022 for the purpose only of authorising the making of regulations, and on 6th April 2022 for all other purposes.

Part 1 of the Pension Schemes Act (Northern Ireland) 2021 defines Master Trust occupational pension schemes and sets out requirements for the authorisation and operation of those schemes.