# The Personal and Occupational Pension Schemes (Perpetuities) Regulations 1990, Note: Explanatory note


(This note is not part of the Regulations)
These regulations replace the Occupational Pension Schemes (Perpetuities) Regulations 1973.
Regulations 3 and 4 set out the requirements for occupational and personal pension schemes to be exempt from the operation of any rules of law relating to perpetuities. Public service pension schemes, contracted-out occupational pension schemes and appropriate personal pension schemes are exempted by section 69(2) of the Social Security Act 1973 whether or not they satisfy these requirements.
Regulation 5 says that schemes that would otherwise cease to be exempt from the rules of law relating to perpetuities on ceasing to satisfy the requirements of section 69(2) of the 1973 Act will continue to be treated as exempt for a further period of 2 years or such longer period as the Occupational Pensions Board consider reasonable.
The report of the Occupational Pensions Board on the draft of these Regulations which was referred to them, together with a statement by the Secretary of State showing that these Regulations give effect to the Board's recommendations, is contained in Command Paper No. 1086, published by Her Majesty's Stationery Office.

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Source: https://www.legislation.gov.uk/uksi/1990/1143/note (the official version)
Page: https://openlegislation.uk/personal-and-occupational-pension-schemes-perpetuities-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.