# Pension Schemes Act 2021, Section 56: Schemes divided into sections


(1) The Department may by regulations make provision about when a pension scheme is or is not divided into sections for the purposes of this Part.
(2) The Department 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—
(a) is a collective money purchase scheme by reason of section 52(2)(b), and
(b) satisfies conditions specified in the regulations.
(3) For the purposes of this Part, where—
(a) a qualifying scheme is divided into sections, and
(b) each of those sections is a collective money purchase scheme by reason of section 52(2)(b),
the qualifying scheme (taken as a whole) is to be treated as if it were not a collective money purchase scheme.
(4) Regulations under subsection (1) are subject to negative resolution.
(5) Regulations under subsection (2) are subject to confirmatory procedure.

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Source: https://www.legislation.gov.uk/ukpga/2021/1/section/56 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2021/section-56
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.