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The Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1996

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13.—(1) The Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1994(1) (“the 1994 Regulations”) are hereby revoked, except in their application in any case in which section 140 of the Pension Schemes Act continues to apply (schemes which began winding up before 19th December 1996 and debts treated as due by virtue of valuations as at applicable times falling before 6th April 1997).

(2) Where before 6th April 1997 such arrangements have been made as are mentioned in subsection (1C) of section 140 of the Pension Schemes Act (as inserted by regulation 4(b) of the 1994 Regulations), then—

(a)the revocation of the 1994 Regulations shall not affect—

(i)the recoverability of any debt or part of a debt, the recoverability of which is affected by subsections (1C) to (1G) of that section (as inserted by regulation 4(b) of the 1994 Regulations) immediately before 6th April 1997; or

(ii)the power of assignment conferred by subsection (1G) (as inserted by regulation 4(b) of the 1994 Regulations) of that section; and

(b)the making of, or failure to make, contributions in accordance with the arrangements, and any relevant insolvency event occurring on or after that date shall have the same effect as they would have had before that date.

(3) Paragraph (2) is without prejudice to the generality of paragraph (1).

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