The Occupational Pension Schemes (Winding up, etc.) Regulations (Northern Ireland) 2005

Commencement of winding up

12.—(1) Regulation 11 of the Occupational Pension Schemes (Winding Up Notices and Reports etc.) Regulations (Northern Ireland) 2002(1) (time when winding up taken to begin) does not apply in any case where in accordance with Article 121(4) to (8) of the 1995 Order a scheme begins to wind up on or after 6th April 2005.

(2) Accordingly, in such a case –

(a) that Article applies for the purpose of determining the time when that scheme winds up for the purposes of –

(i) Articles 73 to 74 of the 1995 Order,

(ii) these Regulations, and

(iii) the Winding Up Regulations; and

(b) regulation 2 of those Regulations does not apply.

(3) If immediately before 6th April 2005 a scheme was regarded as having begun to be wound up for any purpose by virtue of regulation 2 of the Winding Up Regulations (commencement of winding up), paragraphs (1) and (2) do not affect the time when it is to be taken as having begun to be wound up for that purpose.

(1)

S.R. 2002 No. 74