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The Occupational Pension Schemes (Prohibition of Trustees) Regulations (Northern Ireland) 1997
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- 1997 No. 143
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations.)
These Regulations specify circumstances, in addition to those set out in Article 3(2)(a) to (d) of the Pensions (Northern Ireland) Order 1995 (“the Order”), in which the Occupational Pensions Regulatory Authority may by order prohibit a person from being a trustee of a particular occupational pension trust scheme.
The Pensions (1995 Order) (Commencement No. 5) Order (Northern Ireland) 1996 (S.R. 1996 No. 534 (C. 25)) provides for the coming into operation of Article 3(2) of the Order on 19th November 1996 for the purpose only of authorising the making of regulations. As the Regulations are made before the end of a period of six months from the commencement of that Article, the requirement for consultation under Article 117(1) of the Order does not apply by virtue of paragraph (2)(c) of that Article.
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