The Occupational Pension Schemes (Discharge of Protected Rights on Winding Up) Regulations 1996

Statutory Instruments

1996 No. 775

PENSIONS

The Occupational Pension Schemes (Discharge of Protected Rights on Winding Up) Regulations 1996

Made

13th March 1996

Laid before Parliament

15th March 1996

Coming into force

6th April 1996

The Secretary of State for Social Security, in exercise of powers conferred on him by sections 32A, 181(1) and 182(2) and (3) of the Pension Schemes Act 1993(1), and all other powers enabling him in that behalf, by this instrument, which contains only regulations which are consequential upon section 146 of the Pensions Act 1995(2) and is made before the end of the period of six months beginning with the coming into force of that enactment, hereby makes the following Regulations(3):

(1)

1993 c. 48. Section 32A was inserted into the Pension Schemes Act 1993 by section 146 of the Pensions Act 1995 c. 26. Section 181(1) is cited because of the meaning ascribed to “prescribed” and “regulations”.

(2)

1995 c. 26.

(3)

See section 185(6) of the Pension Schemes Act 1993 and section 173(5) of the Social Security Administration Act 1992 (c. 5) under which the requirement to consult does not apply where regulations are consequential upon a specific enactment and are made before the end of the period of six months beginning with the coming into force of that enactment.