Amendment of the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations
7.—(1) The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations (Northern Ireland) 1996(1) shall be amended in accordance with paragraphs (2) and (3).
(2) In regulation 5(3)(b) (former employers) for “and has been paid before the applicable time” there shall be substituted—
“and—
(i)has been paid before the applicable time, or
(ii)if not so paid, was not so paid solely because he was not notified of the debt, and of the amount of it, sufficiently in advance of the applicable time for it to be paid before the applicable time”.
(3) In regulation 6(2)(b) (ceasing to participate: transitional provision) for “and has been paid before the applicable time” there shall be substituted—
“and—
(i)has been paid before the applicable time, or
(ii)if not so paid, was not so paid solely because he was not notified of the debt, and of the amount of it, sufficiently in advance of the applicable time for it to be paid before the applicable time”.
S.R. 1996 No. 585, to which there are amendments not relevant to these regulations