The Pension Sharing (Valuation) Regulations 2000

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Pension Sharing (Valuation) Regulations 2000 and shall come into force on 1st December 2000.

(2) In these Regulations—

“the 1993 Act” means the Pension Schemes Act 1993(1);

“the 1995 Act” means the Pensions Act 1995(2);

“the 1999 Act” means the Welfare Reform and Pensions Act 1999;

“employer” has the meaning given by section 181(1) of the 1993 Act;

“occupational pension scheme” has the meaning given by section 1 of the 1993 Act;

“pension arrangement” has the meaning given by section 46(1) of the 1999 Act;

“relevant arrangement” has the meaning given by section 29(8) of the 1999 Act;

“relevant benefits” has the meaning given by section 612 of the Income and Corporation Taxes Act 1988(3);

“scheme” means an occupational pension scheme;

“scheme actuary”, in relation to a scheme to which section 47(1)(b) of the 1995 Act applies, means the actuary mentioned in section 47(1)(b) of that Act;

“transfer credits” has the meaning given by section 181(1) of the 1993 Act;

“transferor” has the meaning given by section 29(8) of the 1999 Act;

“trustees or managers” has the meaning given by section 46(1) of the 1999 Act;

“valuation day” has the meaning given by section 29(7) of the 1999 Act.

(1)

1993 c. 48.

(2)

1995 c. 26.

(3)

1988 c. 1. Section 612 was amended by sections 103(2) and 258 of, and paragraph 12 of Part V of Schedule 26 to, the Finance Act 1994 (c. 9).