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The Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 2005

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Disapplication of Article 35 and of regulations 2 and 3 in respect of certain schemes

6.—(1) Article 35 and regulations 2 and 3 shall not apply to any of the following schemes—

(a)a scheme which has fewer than 100 members, or

(b)a scheme which is—

(i)established by, or under, a statutory provision, and

(ii)guaranteed by a public authority.

(2) In this regulation—

“local authority” has the meaning given by Article 2(2) of the Superannuation (Northern Ireland) Order 1972(1);

“public authority” means—

(a)

a Minister of the Crown (within the meaning of the Ministers of the Crown Act 1975(2));

(b)

a government department (including any body or authority exercising statutory functions on behalf of the Crown), or

(c)

a local authority.

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