Regulation 10B Exclusion of regulation 10A in relation to a schemeF1

(1)

If, before 6th April 2005, the trustees or manager of a scheme resolved that no new member should be admitted to the scheme on or after that date—

(a)

regulation 10A shall not apply to the scheme, and

(b)

it shall be a condition of the scheme being a stakeholder pension scheme that no new member is admitted.

(2)

Sub-paragraphs (a) and (b) of paragraph (1) shall cease to apply to a scheme if a resolution of the kind specified in that paragraph is revoked by a further resolution of the trustees or manager of the scheme on or after 6th April 2005.

Annotations

Textual amendments

F1: Reg. 10A –10E inserted (6.4.2005) by The Stakeholder Pension Schemes (Amendment) Regulations 2005 (S.I. 2005/577), regs. 1(1), 5