Paragraph 12

In the Occupational Pension Schemes (Modification of Schemes) Regulations (Northern Ireland) 2006 M1—

(a)

in regulation 1(2) (interpretation) omit the definition of “the Board for Actuarial Standards”M2;

(b)

in regulation 5(2)(b) M3 (calculation of the actuarial value of affected member's subsisting rights)—

(i)

for “guidance that is” substitute “ actuarial standards that are ”;

(ii)

for “the Board for Actuarial Standards” substitute “ the Financial Reporting Council Limited ”.

Annotations

M1: S.R. 2006 No. 149; relevant amending Regulations are S.R. 2007 No. 64
M2: The definition of “the Board for Actuarial Standards” was inserted by paragraph 17(a) of the Schedule to S.R. 2007 No. 64
M3: Regulation 5(2)(b) was substituted by paragraph 17(b) of the Schedule to S.R. 2007 No. 64