Regulation 2 Amendment to the Occupational Pensions Board ((Determinations and Review Procedure) Regulations 1976

Regulation 4(2) of the Occupational Pensions Board (Determinations and Review Procedure) Regulations 1976^f1 (which deals with cases where the Board may cancel a contracting-out certificate with retrospective effect) is amended by replacing sub-paragraph (c) with the following —

“(c)

in a case where the Board discover that the scheme did not satisfy the requirements for being a contracted-out scheme at the date the contracting-out certificate was issued, in which case the date may be the date from which the certificate had effect or any later date, or

(d)

in a case where the Board consider that the scheme has ceased to satisfy the requirements for being a contracted-out scheme, in which case the date may be any date not earlier than when, in the Board’s opinion, the scheme ceased to satisfy those requirements.”.