# Pensions Act 1995, Paragraph 31

Extent: E+W+S

In section 23 (securing of benefits)–
(a) subsections (1) and (5) are omitted,
(b) in subsection (4), for “(1) to (3)” there is substituted “ (2) and (3) ”;
and subsections (2) and (3) of that section do not apply where the winding up is begun on or after the principal appointed day and for the purposes of this paragraph the time when a scheme begins to be wound up shall be determined in accordance with regulation 2 of the Occupational Pension Schemes (Winding Up) Regulations 1996.

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Source: https://www.legislation.gov.uk/ukpga/1995/26/schedule/5/paragraph/31 (the official version)
Page: https://openlegislation.uk/pensions-act-1995/schedule-5/paragraph-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.