# The Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001, Regulation 2: Amendment of regulation 1


(1) Regulation 1 (citation, commencement and interpretation) shall be amended as follows.
(2) In paragraph (2) for “and Part IV shall come into force on 8th October 2001.” substitute—
“and—
(a) regulation 23 shall come into force on 6th April 2001; and
(b) Part IV (except regulation 23) shall come into force on 8th October 2001.”.
(3) In paragraph (3)—
(a) after the definition of “beneficiary” insert—
““dilution levy” has the meaning given by—
(a) in relation to—
(i) a scheme to which Part 4A (single pricing and dealing) of The Financial Services (Regulated Schemes) Regulations 1991 applies; or
(ii) where a scheme to which those Regulations apply has constituent parts for the purposes of Table 12.1 of those Regulations (umbrella schemes: application of regulations) as modified by Part 4C of those Regulations (single pricing: adaptation of regulations), each such constituent part to which that Part 4A applies,
Schedule 4 to those Regulations as modified by that Part 4C;
(b) in relation to a company in relation to which The Financial Services (Open-Ended Investment Companies) Regulations 1997 apply, Schedule 3 to those Regulations;”;
and
(b) after the definition of “reporting accountant” insert—
““scheme instruments” means instruments establishing a stakeholder pension scheme;”.
(4) After paragraph (7) insert—
“(8) In paragraph (3), references in the definition of “dilution levy” to—
(a) The Financial Services (Regulated Schemes) Regulations 1991 are references to those Regulations; and
(b) The Financial Services (Open-Ended Investment Companies) Regulations 1997 are references to those Regulations,
as in force on the date on which the Stakeholder Pension Schemes (Amendment) (No.2) Regulations 2001 were made.”.

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Source: https://www.legislation.gov.uk/uksi/2001/934/regulation/2 (the official version)
Page: https://openlegislation.uk/stakeholder-pension-schemes-amendment-no2-regulations-2001/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.