{
  "url": "https://openlegislation.uk/pension-schemes-act-2021/section-5",
  "json_url": "https://openlegislation.uk/pension-schemes-act-2021/section-5.json",
  "legislation": "ukpga/2021/1",
  "legislation_title": "Pension Schemes Act 2021",
  "legislation_url": "https://openlegislation.uk/pension-schemes-act-2021",
  "path": "section/5",
  "kind": "section",
  "number": "5",
  "heading": "Schemes divided into sections",
  "text": "(1) The Secretary of State may by regulations make provision about when a pension scheme is or is not divided into sections for the purposes of this Part.\n(2) The Secretary of State may by regulations provide that, where a collective money purchase scheme that is not divided into sections (an “undivided scheme”) becomes a collective money purchase scheme that is divided into sections, an authorisation previously granted in respect of the undivided scheme applies to any of those sections that—\n(a) is a collective money purchase scheme by reason of section 1(2)(b), and\n(b) satisfies conditions specified in the regulations.\n(3) For the purposes of this Part, where—\n(a) a qualifying scheme is divided into sections, and\n(b) each of those sections is a collective money purchase scheme by reason of section 1(2)(b),\nthe qualifying scheme (taken as a whole) is to be treated as if it were not a collective money purchase scheme.\n(4) Regulations under subsection (1) are subject to negative resolution procedure.\n(5) Regulations under subsection (2) are subject to affirmative resolution procedure.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 5 in force at Royal Assent for specified purposes, see s. 131(3)(a)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 5 in force at 1.8.2022 in so far as not already in force by S.I. 2022/721, reg. 3(a)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2021/1/section/5",
    "retrieved_at": "2026-10-29T08:59:16.686205+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}