Pension Schemes Act 2017 (c. 17)

SCHEDULES

SCHEDULE 2 E+W+S Master Trusts operating before commencement: transitional provision

Modifications having effect from the commencement date E+W+S

14 E+W+S Section 34 (when it becomes clear that authorisation is not to be withdrawn) has effect as if—

(a) in subsection (1)—

(i) after “2” there were inserted “ or 2A ”;

(ii) after “withdrawn” there were inserted “ or refused ”;

(b) in the table in subsection (3), in the first column (triggering event) for “Item 1 or 2” (in both places) there were substituted “ Item 1 or 2 or 2A (decision to refuse to authorise existing Master Trust scheme) ”;

(c) in that table, in the first row for item 1 or 2 or 2A, in the second column (circumstances)—

(i) in point 1, after “determination” there were inserted “ or decision ”;

(ii) in point 2, after “withdrawn” there were inserted “ or refused ”;

(d) in that table, in the second row for item 1 or 2 or 2A, in the second column (circumstances), in point 2, after “withdrawn” there were inserted “ or refused ”;

(e) in subsection (4), at the end there were inserted—

“(c) section 6(2), in a case where that section applies.”;

(f) in the section heading, at the end there were inserted “or refused”.

Commencement Information

I1 Sch. 2 para. 14 in force at 5.9.2018 for specified purposes by S.I. 2018/965, reg. 2(a)

I2 Sch. 2 para. 14 in force at 1.10.2018 in so far as not already in force by S.I. 2018/965, reg. 2(b)