Pension Schemes Act (Northern Ireland) 2021

Regulations: general provisions

This section has no associated Explanatory Notes

42.—(1) Regulations under Part 1 may—

(a)include incidental, supplementary, consequential, transitional, transitory or saving provision;

(b)confer a discretion on a person.

(2) Regulations under Part 1 which are subject to the confirmatory procedure—

(a)must be laid before the Assembly after being made; and

(b)take effect on such date as may be specified in the regulations, but (without prejudice to the validity of anything done thereunder or to the making of new regulations) cease to have effect upon the expiration of a period of six months from that date unless at some time before the expiration of that period the regulations are approved by resolution of the Assembly.

(3) This subsection applies to any regulations made by the Department under this Act which—

(a)but for subsection (4), would be subject to negative resolution, and

(b)are contained in a statutory rule which includes any regulations subject to the confirmatory procedure.

(4) Any regulations to which subsection (3) applies shall not be subject to negative resolution, but shall be subject to the confirmatory procedure.