{
  "url": "https://openlegislation.uk/pension-sharing-implementation-and-discharge-of-liability-regulations-2000/regulation-12",
  "json_url": "https://openlegislation.uk/pension-sharing-implementation-and-discharge-of-liability-regulations-2000/regulation-12.json",
  "legislation": "uksi/2000/1053",
  "legislation_title": "The Pension Sharing (Implementation and Discharge of Liability) Regulations 2000",
  "legislation_url": "https://openlegislation.uk/pension-sharing-implementation-and-discharge-of-liability-regulations-2000",
  "path": "regulation/12",
  "kind": "regulation",
  "number": "12",
  "heading": "Disqualification as a destination for pension credit—general",
  "text": "The requirements referred to in paragraph 7(1)(b) of Schedule 5 to the 1999 Act (requirements to be satisfied to qualify pension arrangements as destinations for pension credits) are that the pension arrangement—\n(a) is an arrangement which carries on pension business as defined by section 431B of the Income and Corporation Taxes Act 1988 (meaning of “pension business\");\n(b) is an overseas arrangement within the meaning given by regulation 1(2) of the Contracting-out (Transfer and Transfer Payment) Regulations 1996 (citation, commencement and interpretation); or\n(c) is an overseas scheme within the meaning given by regulation 1(2) of the Contracting-out (Transfer and Transfer Payment) Regulations 1996.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in reg. 12(b) substituted (1.12.2000) by The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000 (S.I. 2000/2691), regs. 1, 11(6)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "Section 431B was inserted by paragraph 2 of Schedule 8 to the Finance Act 1995 (c. 4)."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "S.I. 1996/1462."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "The definition of “overseas scheme\" was amended by paragraph 7(2) of Schedule 1 to S.I. 1997/786."
    }
  ],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/2000/2691",
      "affecting_title": "The Pension Sharing (Consequential and Miscellaneous Amendments) Regulations 2000"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2000/1053/regulation/12",
    "retrieved_at": "2026-10-29T09:12:32.132176+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."
}