Schedule 2 Transitional Provisions

In a case such as is mentioned in regulation 7(3) of these Regulations, the 1987 Regulations are modified as follows:

(a)

in regulation 1(2)—

(i)

the definition of “the Board” shall be omitted;

(ii)

for the definition of “overseas scheme” there shall be substituted the definition of “overseas scheme” in regulation 1(2) of these Regulations, and

(iii)

for the definitions of “section 49 money purchase scheme” and “section 49 salary related scheme”^f1 there shall be substituted respectively the following definitions—

““section 49 money purchase scheme” means a scheme which was formerly a money purchase contracted-out scheme and in respect of which section 49 applies;

“section 49 salary related scheme” means a scheme which was formerly a salary related contracted-out scheme and in respect of which section 49 applies;”, and

(b)

in paragraph 2 of Schedule 2 for “the Board” there shall be substituted “the Department”.

Annotations

Footnotes

f1: These definitions were substituted by paragraph 18(2)(c) of Schedule 2 to S.R. 1994 No. 300