Amendment of the Occupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) Regulations 20056
1
The Occupational Pension Schemes (Fraud Compensation Payments and Miscellaneous Amendments) Regulations 20057 are amended in accordance with this regulation.
2
In regulation 5 (applications for fraud compensation payments)—
a
at the beginning of paragraph (5)(b) insert “except where paragraph (6) applies,”, and
b
after paragraph (5) insert—
6
This paragraph applies to a scheme to which regulation 2A of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (schemes to which paragraph (1) of regulation 2 does not apply) applies.
3
In regulation 7 (amount of fraud compensation)—
a
at the beginning of paragraph (5)(b) insert “except where paragraph (6) applies,”, and
b
after paragraph (5) insert—
6
This paragraph applies to a scheme to which regulation 2A of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (schemes to which paragraph (1) of regulation 2 does not apply) applies.
4
In regulation 11 (partially guaranteed schemes), at the beginning of paragraph (1) insert
Except where a partially guaranteed scheme is a scheme to which regulation 2A of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations 2005 (schemes to which paragraph (1) of regulation 2 does not apply) applies,