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The Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996

Status:

This is the original version (as it was originally made).

Statutory Instruments

1996 No. 1536

PENSIONS

The Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996

Made

12th June 1996

Laid before Parliament

18th June 1996

Coming into force

6th April 1997

The Secretary of State for Social Security, in exercise of the powers conferred on him by sections 41(1), (2)(c), (3)(b) and (6), 49(2) and (3), 56(2)(b) and (3), 57(1)(a) and (b), (2)(b), (4)(b) and (5), 58(2), (3)(a) and (c), (4)(b)(i), (5), (6)(a) and (b) and (7), 59(1) and (3), 60(2)(b), (3)(a) and (b), (4), (5)(b), (6) and (7), 61, 68(2)(e), 75(5), 118(1), 119, 124(1), 125(3) and 174(2) and (3) of the Pensions Act 1995(1) and of all other powers enabling him in that behalf, by this instrument, which is made before the end of the period of 6 months beginning with the coming into force of the provisions of Part I of that Act by virtue of which it is made(2), hereby makes the following regulations:—

(1)

1995 c. 26. Section 124(1) is cited for the meaning given to “prescribed” and “regulations”.

(2)

See section 120 of the Act which provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of the provisions in Part I of the Act. This duty does not apply where regulations are made before the end of six months from the coming into force of the provisions under which they are made.

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