Regulation 31 Amendment of the Occupational Pension Schemes (Disclosure of Information) RegulationsI1
Northern Ireland Not yet in force
The Occupational Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 1997f1 shall be amended in accordance with paragraphs (2) to (4).
In regulation 1(2) (interpretation)—
in the definition of “prospective member” for “and the scheme rules” there shall be substituted “or the scheme rules or both”, and
in the definition of “tax-approved scheme” —
the word “or” at the end of paragraph (a) shall be omitted, and
after paragraph (b) there shall be added—
“, or
(c)approved by Commissioners of Inland Revenue under Chapter IV of Part XIV of that Act;”.
In regulation 2 (application of these Regulations)—
in paragraph (1) for “paragraphs (2) and (3)” there shall be substituted “paragraphs (2), (3) and (3A)”;
after paragraph (3) there shall be inserted the following paragraph—
“(3A)In the case of a scheme which is a stakeholder pension scheme within the meaning of Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999, regulation 5 shall have effect as if paragraph (5) were omitted.”.
In regulation 5 (information to be made available to individuals)—
at the beginning of paragraph (5) for “In” there shall be substituted “Subject to regulation 2(3A), in”, and
after paragraph (10) there shall be inserted the following paragraph—
“(11)Where a stakeholder pension scheme within the meaning of Article 3 of the Welfare Reform and Pensions (Northern Ireland) Order 1999 is removed from the register of such schemes kept under Article 4 of that Order the trustees shall within 2 weeks of being notified of that removal inform each member of the scheme except an excluded person that the scheme has been removed from the register of stakeholder pension schemes and is no longer a stakeholder pension scheme and that it is required to commence winding up under the scheme rules.”.
Annotations
Commencement
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Reg. 31 in operation at 1.10.2000, see reg. 1(2)
Footnotes
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S.R. 1997 No. 98; relevant amending regulations are S.R. 1997 No. 160 and S.R. 1999 No. 486