Regulation 5 Schemes that cease to qualify under section 69 of the 1973 Act

An occupational pension scheme that ceases to be contracted-out or to satisfy the requirements of any of paragraphs (2) to (6) of regulation 3, and a personal pension scheme that ceases to be an appropriate scheme or to satisfy the requirements of regulation 4, will nevertheless be treated as continuing to F1be a scheme to which section 163 of the Act applies for a further period of 2 years from the cesser, or for such longer period as the F2Secretary of State considers reasonable in the case of the particular scheme.