The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 1996

[F1 Modifications of section 18: aggregation E+W+S

Textual Amendments

F1 Sch. 3 para. 8 substituted (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 1, Sch. 1 para. 5(14)(f) (with Sch. 1 para. 5(15))

8.— (1) Where, apart from this paragraph, in its application to a company to which sub-paragraph (2) applies, section 18 would not have effect with the modifications mentioned in paragraph 1(1)(d) and (e), it shall have effect with those modifications. E+W+S

(2) This sub-paragraph applies to a company—

(a) to which section 18 applies by virtue of regulation 5(1); or

(b) which is—

(i) the trustee of two or more schemes which are relevant schemes in relation to the company, and

(ii) connected with a person who is the employer in relation to one or more of those schemes otherwise than by virtue of being that employer’s wholly-owned subsidiary (within the meaning of section 736 of the Companies Act 1985); or

(c) which is the trustee of a trust scheme which is not a relevant scheme in relation to that company.]