15.—(1) The Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland)1996(1) shall be amended in accordance with paragraphs (2) to (8).
F1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7) In regulation 9(3) (increases and reductions of guaranteed cash equivalents) for “Article 73 and regulations made under that Article” there shall be substituted “the winding up provisions (as defined in Article 73B(10)(a)) and regulations made under those provisions”.
(8) In regulation 9(4) for “under Article 73, that Article applies” there shall be substituted “under Article 73B(4)(b)(i) by virtue of Article 73B(5), the winding up provisions (as so defined) apply”.
F2(9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F2(10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(11) Paragraphs (5) to (8) only apply where the scheme begins to be wound up on or after 6th April 2005.
Textual Amendments
F1Reg. 15(2)-(6) revoked (1.10.2008) by The Occupational Pension Schemes (Transfer Values) (Amendment) Regulations (Northern Ireland) 2008 (S.R. 2008/370), reg. 1(1), Sch. 3 para. 10
F2Reg. 15(9)(10) revoked (1.10.2008) by The Occupational Pension Schemes (Transfer Values) (Amendment) Regulations (Northern Ireland) 2008 (S.R. 2008/370), reg. 1(1), Sch. 3 para. 10
Commencement Information
I1Reg. 15 in operation at 6.4.2005, see reg. 1(2)
S.R. 1996 No. 619; relevant amending regulations are S.R. 2003 No. 337