{
  "url": "https://openlegislation.uk/pension-schemes-act-northern-ireland-2021/schedule-2/paragraph-1",
  "json_url": "https://openlegislation.uk/pension-schemes-act-northern-ireland-2021/schedule-2/paragraph-1.json",
  "legislation": "nia/2021/6",
  "legislation_title": "Pension Schemes Act (Northern Ireland) 2021",
  "legislation_url": "https://openlegislation.uk/pension-schemes-act-northern-ireland-2021",
  "path": "schedule/2/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) This Schedule modifies the application of Part 1 as it applies in relation to existing Master Trust schemes.\n(2) The modifications in paragraphs 2 to 7 have effect from the date on which this Act is passed.\n(3) The modifications in paragraphs 8 to 15 have effect from the commencement date.\n(4) In this Schedule—\nthe “commencement date” means the date on which section 3 (prohibition on operating scheme unless authorised) comes into operation;\n“existing Master Trust scheme” means a Master Trust scheme in operation before the commencement date.",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 2 paras. 1-7 transitional provision for commencement by 2021 c. 6 (N.I.), s. 44(1)(a)(b) (11.8.2021) by The Pension Schemes (2021 Act) (Commencement No. 1 and Transitional Provisions) Order (Northern Ireland) 2021 (S.R. 2021/234), art. 3"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 1 in operation at 10.8.2021, see s. 44(1)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nia/2021/6/schedule/2/paragraph/1",
    "retrieved_at": "2026-10-29T20:19:36.331683+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."
}