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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order provides for the coming into force on 17th December 2004 of provisions of the Pensions Act 2004 (c. 35) relating to the establishment of the Pensions Regulator and the Board of the Pension Protection Fund, and certain other provisions as specified in the Schedule, including section 277 of that Act, which makes amendments relating to the Pensions Compensation Board.

Article 3 amends the Occupational Pension Schemes (Pensions Compensation Provisions) Regulations 1997 (S.I. 1997/665) as a consequence of the coming into force of section 277.

Article 4 makes a transitional provision to enable certain amendments (those that amend the manner of determining the amount of compensation payable by the Pensions Compensation Board) to apply to cases which are currently before the Pensions Compensation Board.