# The Pensions (Financial Reporting Council) (Amendment) Regulations (Northern Ireland) 2012, Paragraph 10


In the Occupational Pension Schemes (Employer Debt) Regulations (Northern Ireland) 2005 —
(a) in regulation 2 (interpretation)—
(i) in paragraph (1) omit the definition of “the Board for Actuarial Standards”;
(ii) for paragraph (3) substitute—
“(3) In these Regulations references to FRC standards are to actuarial standards on winding up and scheme asset deficiency adopted or prepared, and from time to time revised, by the Financial Reporting Council Limited.”;
(b) in regulation 5(17) (calculation of the amount of scheme liabilities and value of scheme assets) for “BAS standards” substitute “ FRC standards ”;
(c) in regulation 6(8) (multi-employer schemes: general) for “BAS standards” substitute “ FRC standards ”;
(d) in—
(i) paragraph 3 of the certificate set out in Schedule 1 (actuary's certificate of total difference between scheme assets and liabilities and liability share debt of employer in a multi-employer scheme), and
(ii) paragraph 2 of the certificate set out in Schedule 1D (actuary's certificate for amount B under a withdrawal arrangement or an approved withdrawal arrangement in a multi-employer scheme),
for “BAS standards” substitute “ FRC standards ”.

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Source: https://www.legislation.gov.uk/nisr/2012/294/schedule/paragraph/10 (the official version)
Page: https://openlegislation.uk/pensions-financial-reporting-council-amendment-regulations-northern-ireland-2012/schedule/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.