The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations 2007

14.  In the Occupational Pension Schemes (Employer Debt) Regulations 2005(1)—

(a) in regulation 2(2) (interpretation)—

(i) in paragraph (1) in the appropriate alphabetical place insert—

““the Board for Actuarial Standards” means the operating body of that name of the Financial Reporting Council;”; and

(ii) for paragraph (3), substitute—

“(3) References in these Regulations to the guidance in GN19 are to the guidelines on winding up and scheme asset deficiency (GN19), adopted or prepared, and from time to time revised, by the Board for Actuarial Standards and approved for the purposes of these Regulations by the Secretary of State, with such revisions as have been so approved at the applicable time.”; and

(b) in Schedules 1 (form of actuary’s certificate) and 1B(3) (form of actuary’s certificate: scheme funding basis debts in approved withdrawal arrangement cases) after “(GN19)” insert “adopted or prepared, and from time to time revised by the Board for Actuarial Standards”.

(1)

S.I. 2005/678.

(2)

Regulation 2(1) was amended by S.I. 2005/2224.

(3)

Schedule 1B inserted by S.I. 2005/2224.