# The Personal Pension Schemes (Conversion of Retirement Benefits Schemes) Regulations 2001, Regulation 5: Board’s discretion to refuse approval: prescribed descriptions of retirement benefits scheme


(1) The descriptions of eligible scheme which are prescribed in respect of the Board’s discretion to refuse approval under Schedule 23ZA are all descriptions of eligible scheme other than a simplified defined contribution scheme.
(2) In this regulation “simplified defined contribution scheme” has the meaning given by regulation 2 of the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Additional Voluntary Contributions) Regulations 1993.

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Source: https://www.legislation.gov.uk/uksi/2001/118/regulation/5 (the official version)
Page: https://openlegislation.uk/personal-pension-schemes-conversion-of-retirement-benefits-schemes-regulations-2001/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.