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The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations (Northern Ireland) 1996

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Extension of Article 18

5.—(1) In addition to the case specified in Article 18(1) (which applies that Article where a company which is connected with the employer is trustee of a scheme), that Article also applies where a company is a trustee of a trust scheme and either—

(a)it is the sole trustee of the scheme, or

(b)all the other trustees are companies,

unless that Article is disapplied by Article 19 or regulation 6.

(2) Where a company to which Article 18 applies only by virtue of paragraph (1) is the trustee of 2 or more trust schemes which are relevant schemes in relation to the company, then, subject to paragraph (3), Articles 18, 20 and 21(7) apply as if those schemes were a single scheme and the members of each of those schemes were members of that scheme.

(3) Where—

(a)apart from this paragraph, paragraph (2) would apply in relation to a company, and

(b)there are only two schemes which are relevant schemes in relation to the company,

the company may determine that paragraph (2) shall not apply to those schemes.

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