Regulation 3 Amendment of the Personal Pension Schemes (Appropriate Schemes) Regulations 1997

The Personal Pension Schemes (Appropriate Schemes) Regulations 1997^f1 are amended in accordance with this regulation.

In regulation 1(2) (interpretation)^f2, omit the definitions of “deposit-taker”, “EEA State”, “Friendly Society”, “Home state regulator”, “open-ended investment company”, “recognised scheme”, “UCITS” and “unit trust scheme”.

For regulation 2 (forms of schemes which may be appropriate schemes)^f3, substitute—

“Forms of schemes which may be appropriate schemes

2.

A personal pension scheme can be an appropriate scheme only if it is a scheme which is, or is treated as, registered under section 153 of the Finance Act 2004 (registration of pension schemes)^f4.”.

Omit regulation 3 (persons who and bodies which may establish schemes)^f5.

Omit sub-paragraphs (e) and (f) of regulation 4(1) (requirements in respect of an application for an appropriate scheme certificate).

In regulation 6 (requirement to give information)—

Omit regulation 18 (cancellation of membership of interest-bearing account-funded appropriate personal pension schemes).

Omit Schedules 1 (kinds of unit trust scheme that may be an appropriate scheme)^f6 and 2 (information to be included in notice).