The Occupational Pension Schemes (Cross-border Activities) (Amendment) Regulations (Northern Ireland) 2018

Amendment of the Pensions (Northern Ireland) Order

2.—(1) Part 7(1) of the Pensions (Northern Ireland) Order 2005 (cross-border activities within European Union) is amended in accordance with paragraphs (2) to (7).

(2) In Article 263(4)(a)(2) (occupational pension scheme receiving contributions from European employer) for “two months” substitute “six weeks”.

(3) In Article 265(2)(b)(3) (approval in relation to particular European employer) after “so approved” insert “, stating the reasons for not so approving them”.

(4) In Article 266(4) (notification of legal requirements of host EEA state outside United Kingdom)—

(a) in paragraph (1)(b) for “Article 20(5)”, in both places where it occurs, substitute “Article 11(7)”;

(b) in paragraph (2)(b) for “Article 20(8)” substitute “Article 11(9)”.

(5) In Article 269(5) (functions of Regulator in relation to institutions administered in other EEA states)—

(a) in paragraph (1) for “Article 20” substitute “Article 11”;

(b) in paragraph (2)—

(i) for “Article 20(4)” substitute “Article 11(4)”;

(ii) for “two months” substitute “six weeks”;

(c) in paragraph (8) in the definition of “European pensions institution” for “Article 6(a)” substitute “Article 6(1)”.

(6) In Article 270(6)(6) (stopping disposal of assets of institutions administered in other EEA states) in the definition of “UK-held assets” for “Article 19(3)” substitute “Article 33(4)”.

(7) In Article 271(7) (interpretation of Part)—

(a) in the definition of “the Directive” for “2003/41/EC” substitute “(EU) 2016/2341(8)”;

(b) in the definition of “social and labour law” for “Article 20” substitute “Article 11”.

(1)

Part 7 was amended by S.R. 2007 No. 457

(2)

Article 263 was amended by regulation 5(4) of S.R. 2007 No. 457

(3)

Article 265 was amended by regulation 5(5) of S.R. 2007 No. 457

(4)

Article 266 was amended by regulation 5(6) of S.R. 2007 No. 457

(5)

Article 269 was amended by regulation 5(8) of S.R. 2007 No. 457

(6)

Article 270 was amended by regulation 5(9) of S.R. 2007 No. 457

(7)

Article 271 was amended by regulation 5(10) of S.R. 2007 No. 457

(8)

O.J. No. L354, 23.12.16, p.37