The Occupational Pension Schemes (Investment, and Assignment, Forfeiture, Bankruptcy etc.) Amendment Regulations 1999

Amendment of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997

3.—(1) The Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regula tions 1997(1) shall have effect with the following amendments.

(2) In regulation 8(1) (exemptions from the inalienability and forfeiture provisions)—

(a) delete “or wish to make”;

(b) for “section 91(1)(b)” substitute “section 91(1)”;

(c) for “prevent the directors' interest” to the end substitute—

• “prevent enforcement of the security referred to in sub-paragraph (b) of that regulation 6(8).”.

(3) After regulation 8(1) insert—

“(1A) If a scheme is one the trustees of which have given or wish to give security in respect of which the conditions of regulation 6(8A) of the Occupational Pension Schemes (Investment) Regulations 1996 are met (investments to which restrictions do not apply), section 91(1) of the 1995 Act shall not apply to the extent that it would prevent that security being given or enforced.”.

(1)

S.I. 1997/785.