Search Legislation

The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 1996

Status:

This is the original version (as it was originally made).

  1. Introductory Text

  2. PART I GENERAL PROVISIONS

    1. Preliminary

      1. 1.Citation and commencement

      2. 2.General interpretation

      3. 3.Scheme membership

    2. Application of sections 16 and 18

      1. 4.Exceptions from member-nominated trustee requirements

      2. 5.Extension of section 18

      3. 6.Exceptions from member-nominated director requirements

  3. PART II MEMBER-NOMINATED TRUSTEES

    1. Section 16 arrangements and rules

      1. 7.Implementation of requirements as to member-nominated trustees: general

      2. 8.Appropriate rules as to the selection and eligibility of member-nominated trustees

    2. Proposals by employers for alternative arrangements

      1. 9.Proposals by the employer for alternative arrangements under section 17

      2. 10.Time limits for making alternative arrangements under section 17

    3. Power of trustees to modify schemes by resolution

      1. 11.Modification of schemes affected by requirements

    4. Cessation of application of requirements

      1. 12.Cessation of application of requirements

  4. PART III MEMBER-NOMINATED DIRECTORS

    1. Section 18 arrangements and rules

      1. 13.Implementation of requirements as to member-nominated directors: general

      2. 14.Appropriate rules as to the selection and eligibility of member-nominated directors

    2. Proposals by employers for alternative arrangements

      1. 15.Proposals by the employer for alternative arrangements under section 19

      2. 16.Time limits for making alternative arrangements under section 19

    3. Cessation of application of requirements

      1. 17.Cessation of application of requirements

    4. Aggregation of schemes

      1. 18.Aggregation of linked schemes

  5. PART IV GENERAL AND SUPPLEMENTARY PROVISIONS

    1. Modifications for special cases

      1. 19.Modifications

    2. General provisions about rules and arrangements

      1. 20.Cessation of approval of appropriate rules and alternative arrangements

      2. 21.Appropriate rules in cases where insufficient nominations are received

    3. Miscellaneous and supplementary

      1. 22.Records

      2. 23.Notices

      3. 24.Transitional provisions

  6. Signature

    1. SCHEDULE 1

      THE STATUTORY CONSULTATION PROCEDURE

      1. “The proposer”

        1. 1.In this Schedule— “the proposer” has the meaning given in...

      2. Notice to be given by the proposer

        1. 2.The proposer must give each of the eligible members notice...

      3. The appropriate general statement

        1. 3.(1) The notice must contain the appropriate general statement.

      4. Notices concerning appropriate rules: requirement for general information about arrangements

        1. 4.(1) A notice in respect of proposals for appropriate rules...

      5. Particulars of rules or arrangements proposed

        1. 5.(1) The notice must specify the appropriate rules or, as...

      6. Statement as to approval procedure

        1. 6.(1) The notice must state that the proposed appropriate rules...

        2. 7.In a case where the trustees have made a determination...

      7. Approval in absence of objections

        1. 8.(1) If the notice contains the statement mentioned in paragraph...

      8. Approval by ballot

        1. 9.(1) This paragraph applies if— (a) the notice specifies that...

      9. Immaterial omissions etc.

        1. 10.(1) This paragraph applies where— (a) the proposer of appropriate...

    2. SCHEDULE 2

      THE PRESCRIBED APPROPRIATE RULES

      1. PART I MEMBER-NOMINATED TRUSTEES

        1. Eligibility and procedure for nomination

          1. 1.(1) The trustees of the scheme shall invite nominations to...

        2. Selection of nominees

          1. 2.(1) If the number of persons duly nominated to fill...

      2. PART II MEMBER-NOMINATED DIRECTORS

        1. 3.The prescribed rules for the purposes of section 20(1)(b) in...

    3. SCHEDULE 3

      MODIFICATIONS OF PENSIONS ACT 1995 AND THESE REGULATIONS

      1. Multi-employer schemes

        1. 1.(1) In their application to any scheme which applies to...

      2. Cases where the employer is sole trustee

        1. 2.(1) Where a person who is not a company to...

      3. Cases where a section 18 company is the employer

        1. 3.(1) Where a company to which section 18 applies is...

      4. Schemes with few or no active members

        1. 4.(1) Subject to sub-paragraph (2), in the application of sections...

      5. Shorter periods of office: casual vacancies etc.

        1. 5.(1) Section 16 has effect with the substitution for subsection...

      6. Schemes requiring amendment: disapplication of s.591B of the Taxes Act

        1. 6.In its application to a scheme which requires to be...

      7. Removal of member-nominated directors

        1. 7.In its application to a company which is not a...

      8. Companies which are trustees of relevant and other schemes

        1. 8.In its application to a company which is the trustee...

    4. SCHEDULE 4

      1. TRANSITIONAL PROVISIONS

        1. Preliminary

          1. 1.In this Schedule— “the pre-commencement period” means the period beginning...

        2. General disregard of action taken before commencement date

          1. 2.Except as provided in this Schedule, anything done before the...

        3. Waiver of employer’s rights under sections 17 and 19

          1. 3.(1) If at any time during the pre-commencement period the...

          2. 4.(1) If at any time during the pre-commencement period the...

        4. Pre-commencement period proposals by the employer

          1. 5.If during the pre-commencement period the employer gave notice in...

          2. 6.If during the pre-commencement period the employer gave notice in...

        5. Pre-commencement period action

          1. 7.(1) Where such a notice as is mentioned in paragraph...

        6. Scheme alterations, overriding provisions and records

          1. 8.(1) Where such a notice as is mentioned in paragraph...

  7. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources