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The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations (Northern Ireland) 1999

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Amendment of the Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations

6.—(1) The Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations (Northern Ireland) 1996(1) shall be amended in accordance with paragraphs (2) and (3).

(2) In regulation 16(2) (periods covered by schedules of contributions) after “effective date” there shall be inserted “, or the date on which the rates of contributions shown in the schedule are certified,”.

(3) In regulation 23 (failure to pay contributions due under schedule of contributions)—

(a)in paragraph (1)(a) before “shall be given to the Authority” there shall be inserted “subject to paragraph (1A),”;

(b)after paragraph (1) there shall be inserted the following paragraph—

(1A) No notice need be given under paragraph (1)(a) if—

(a)payment has been made before the end of the period of 10 days beginning with the due date, and

(b)the default is only the first or second such default in the period of 12 months ending on the due date.;

(c)in paragraph (3) for “for the purposes of paragraphs (1) and (2)” there shall be substituted “for the purposes of paragraphs (1) to (2)”.

(1)

S.R. 1996 No. 570, to which there are amendments not relevant to these regulations

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