{
  "url": "https://openlegislation.uk/personal-pension-schemes-provisional-approval-amendment-regulations-1988/note",
  "json_url": "https://openlegislation.uk/personal-pension-schemes-provisional-approval-amendment-regulations-1988/note.json",
  "legislation": "uksi/1988/1437",
  "legislation_title": "The Personal Pension Schemes (Provisional Approval) (Amendment) Regulations 1988",
  "legislation_url": "https://openlegislation.uk/personal-pension-schemes-provisional-approval-amendment-regulations-1988",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations, which come into force on 2nd September 1988, amend the Personal Pension Schemes (Provisional Approval) Regulations 1987 (“the Principal Regulations”).\nRegulation 1 provides for the citation and commencement of the Regulations and regulation 2 contains a definition.\nRegulation 3 amends regulation 3 of the Principal Regulations (provisional approval: conditions) and regulation 4 inserts a new regulation, regulation 3A, in those Regulations so that—\n(1) the Commissioners of Inland Revenue may grant provisional approval of a personal pension scheme if an application for approval is made to them before 1st February 1990;\n(2) it ceases to be a condition that the application is accompanied by a written undertaking by the scheme administrator that no member of the scheme will have a beneficial interest in the assets of the scheme; and\n(3) where a scheme is established under a trust the Commissioners may grant provisional approval of the scheme if, in addition to other conditions, the application is accompanied by a written undertaking by the scheme administrator that provision is made so as to ensure that neither the capital nor the income of the fund is paid to a member of the scheme except by the provision of a permitted benefit.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1437/note",
    "retrieved_at": "2026-10-29T16:00:39.668845+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}