Amendment of regulation 16 of the 2005 Regulations
15. For regulation 16(1) of the 2005 Regulations (modification of schemes: apportionment of Article 75 debts) substitute—
“Modification of schemes: apportionment of Article 75 debts
16.—(1) This regulation prescribes a purpose for which the trustees of a trust scheme (whether or not a money purchase scheme) may by resolution modify the scheme under Article 68(2).
(2) The purpose is to enable—
(a)a scheme apportionment arrangement, or
(b)a regulated apportionment arrangement,
to be entered into.
(3) No modification may be made for the purpose in paragraph (2) unless the trustees have consulted such employers in relation to the scheme as they think appropriate.”.
Regulation 16 was substituted by regulation 12 of S.R. 2008 No. 132 and amended by regulation 2(4) of S.R. 2008 No. 178
Article 68 was amended by paragraph 43 of Schedule 9 to the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)) and paragraph 50 of Schedule 10 to the Pensions (Northern Ireland) Order 2005 (S.I. 2005/255 (N.I. 1))