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The Occupational Pension Schemes (Investment, and Assignment, Forfeiture, Bankruptcy etc.) (Amendment) Regulations (Northern Ireland) 1999
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- 1999 No. 309
- Regulation 3
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Amendment of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations
3. In regulation 8 of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations (Northern Ireland) 1997(1) (exemptions from the inalienability and forfeiture provisions) for paragraph (1) there shall be substituted the following paragraphs—
“(1) If a scheme is one the trustees of which have made a loan in respect of which the conditions of regulation 6(8) of the Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 1996 (investments to which the restrictions do not apply) are met, Article 89(1) shall not apply to the extent that it would prevent enforcement of the security referred to in sub-paragraph (b) of that regulation 6(8).
(1A) If a scheme is one the trustees of which have given or wish to give security, in respect of which the conditions of regulation 6(8A) of the Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 1996 are met, Article 89(1) shall not apply to the extent that it would prevent that security being given or enforced.”.
(1)
S.R. 1997 No. 153
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