Article 4 Consequential and incidental provisions

in regulation 2(1) (interpretation) after the definition of “scheme manager” insert—

• ““scheme’s pension liabilities”, in respect of a member of a qualifying pension scheme, means the liabilities of the scheme to, or in respect of, the member in respect of pensions or other benefits (including increases in pensions);”;

in regulation 15(5) (qualifying members)^f2 for sub-paragraph (c) substitute—

“(c)

the scheme’s pension liabilities in respect of that person have not been satisfied in full.”.

in the definition of “member” for paragraph (a)(ii) substitute—

“(ii)

the scheme’s pension liabilities in respect of that person have not been satisfied in full;”;

after the definition of “scheme manager” insert—

• ““scheme’s pension liabilities”, in respect of a member of a qualifying pension scheme, means the liabilities of the scheme to, or in respect of, the member in respect of pensions or other benefits (including increases in pensions);”.