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

(1)

The Personal Pension Schemes (Appropriate Schemes) Regulations (Northern Ireland) 1997^f1 shall be amended in accordance with paragraphs (2) to (9).

(2)

In regulation 1(2)^f2 (interpretation) omit the definitions of “the 2000 Act”, “deposit-taker”, “EEA State”, “Friendly Society”, “home state regulator”, “open-ended investment company”, “recognised scheme”, “UCITS” and “unit trust scheme”.

(3)

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

“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^f4.”.

(4)

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

(5)

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

(6)

In regulation 6(b) (requirement to give information)—

(a)

at the end of sub-paragraph (ii) insert “and”;

(b)

omit sub-paragraph (iii).

(7)

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

(8)

Omit Schedule 1^f6 (kinds of unit trust scheme that may be an appropriate scheme).

(9)

Omit Schedule 2 (information to be included in notice).

Annotations

Footnotes

f1: S.R. 1997 No. 139; relevant amending regulations are S.R. 2001 No. 118, S.R. 2003 No. 256 and S.R. 2006 No. 20
f2: The definition of “the 2000 Act” was inserted by regulation 12(2) of S.R. 2003 No. 256 and the definitions of “deposit-taker”, “EEA State”, “home state regulator”, “open-ended investment company”, “recognised scheme”, “UCITS” and “unit trust scheme” were inserted by regulation 2(2) of S.R. 2006 No. 20
f3: Regulation 2 was amended by regulation 4 of S.R. 2001 No. 118, regulation 12(3) of S.R. 2003 No. 256 and regulation 2(3) of S.R. 2006 No. 20
f4: 2004 c.12
f5: Regulation 3 was amended by regulation 12(4) of S.R. 2003 No. 256 and regulation 2(4) of S.R. 2006 No. 20
f6: Schedule 1 was amended by regulation 12(5) of S.R. 2003 No. 256