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The Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006
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Statutory Instruments
2006 No. 558
PENSIONS
The Occupational Pension Schemes (Fraud Compensation Levy) Regulations 2006
Made
1st March 2006
Laid before Parliament
8th March 2006
Coming into force
1st April 2006
The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 10(3), 75(10), 89(2) and 124(1) of the Pensions Act 1995 M1 and sections 189(1), (4), (6) and (11), 315(2) and (5) and 318(1) of the Pensions Act 2004 M2.
Regulations 2 to 10 are made before the end of the period of six months beginning with the coming into force of the provisions of the Pensions Act 2004 by virtue of which they are made M3. Regulation 11 is consequential on the commencement of section 189, by virtue of which it is made M4.
In accordance with section 120(1) of the Pensions Act 1995 and section 317(1) of the Pensions Act 2004, the Secretary of State has consulted such persons as he considers appropriate before making regulation 12.
Marginal Citations
M11995 c. 26. Section 10(3) applies by virtue of section 314(a) of the Pensions Act 2004 (c. 35). Section 89(2) was amended by paragraph 66(b) of Schedule 12 to, and Part 1 of Schedule 13 to, the Pensions Act 2004. Section 124(1) is cited because of the meaning given to “prescribed” and “regulations”.
M22004 c. 35. Section 318(1) is cited because of the meaning given to “prescribed” and “regulations”.
M3See section 317(2)(c) of the Pensions Act 2004 which provides that the obligation under section 317(1) of that Act for the Secretary of State to consult such persons as he considers appropriate before making any regulations by virtue of the provisions of that Act (other than Part 8) does not apply where regulations are made before the end of the period of six months beginning with the coming into force of the provisions of that Act by virtue of which they are made.
M4See section 120(2)(d) of the Pensions Act 1995 which provides that the obligation under section 120(1) of that Act for the Secretary of State to consult such persons as he considers appropriate before making any regulations by virtue of the provisions of Part I of that Act does not apply where regulations are consequential upon a specified enactment and are made before the end of the period of six months beginning with the coming into force of that enactment.
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