The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996

Revocations and savings

13.—(1) The Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1994(1) are hereby revoked, except in their application in any case in which section 144 of the Pension Schemes Act 1993(2) continues to apply (schemes which began winding up before 19th December 1996 and debts treated as due by virtue of valuations as at applicable times falling before 6th April 1997).

(2) Where before 6th April 1997 such arrangements have been made as are mentioned in subsection (1C) of section 144 of the Pension Schemes Act 1993 (as inserted by regulation 4 of those Regulations), then —

(a) the revocation of those Regulations shall not affect —

(i) the recoverability of any debt or part of a debt, the recoverability of which is affected by subsections (1C) to (1G) of that section immediately before that date, or

(ii) the power of assignment conferred by subsection (1G) of that section; and

(b) the making of, or failure to make, contributions in accordance with the arrangements, and any relevant insolvency event occurring on or after that date shall have the same effect as they would have had before that date.

(3) Paragraph (2) is without prejudice to the generality of paragraph (1).

(1)

S.I. 1994/895.

(2)

1993 c. 48.