Regulation 9 Amendment of regulation 13I1

Regulation 13 (expenses, commission etc.—principles) shall be amended in accordance with paragraphs (2) and (3).

After paragraph (2) there shall be inserted the following paragraph—

“(2A)

Nothing in paragraph (1) shall be taken to prevent that which is permitted under any of the provisions mentioned in paragraph (4).”.

After paragraph (3) there shall be inserted the following paragraph—

“(4)

The provisions referred to in paragraph (2A) are—

(a)

section 28 (suspension or forfeiture) and regulation 9 of the Personal and Occupational Pension Schemes (Protected Rights) Regulations (Northern Ireland) 1997^f1 (suspension and forfeiture of payments giving effect to protected rights);

(b)

section 155^f2 (inalienability of guaranteed minimum pension and protected rights payments);

(c)

Articles 89 to 92 of the 1995 Order^f3 and regulations under those Articles (inalienability and forfeiture of occupational pensions), and

(d)

in the case of a pension scheme established under a trust which—

(i)

is not an occupational pension scheme, but

(ii)

is or has been registered under Article 4,

Articles 89, 90 and 92 of the 1995 Order and the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations (Northern Ireland) 1997^f4 (inalienability and forfeiture of occupational pensions) as those Articles and Regulations have effect by virtue of Article 8(3) of, and Schedule 1 to, the Order and of regulation 32.”.