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Regulation 6 Amendments to the Money Purchase Contracted-out Schemes Regulations 1987

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The Schedule to the Money Purchase Contracted-out Schemes Regulations 1987f1 (which specifies permitted investments) is amended as described in paragraphs (2) and (3) of this regulation.

(2)

Paragraph l(a)(ii) is amended by replacing the words “has disclosed in its audited accounts … in the year 1987” with the following —

  • “is authorised under regulation 5 or 6 of the Friendly Societies (Long Term Insurance Business) Regulations 1987f2 to carry on long term business as defined in those Regulations”.

(3)

Paragraph 4 is amended by replacing sub-paragraph (b) with the following —

“(b)

a pension vehicle as defined in item 14 of the Schedule to the Building Societies (Designation of Qualifying Bodies) Order 1988f3 which is associated with a building society as described in section 18(17) of the Building Societies Act 1986f4;”.

Annotations

Footnotes

f1

S.I. 1987/1101, amended by S.I. 1988/474 which replaced paragraph 4 of the Schedule.

f2

S.I. 1987/2132.

f3

S.I. 1988/1196, to which there are amendments not relevant to these Regulations.

f4

1986 c. 53.