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EXPLANATORY NOTE

(This note is not part of the Order)

This Order brings into operation certain provisions of the Pensions Act (Northern Ireland) 2012 (“the 2012 Act”).

Article 2(1) of the Order brings fully into operation the following sections of the 2012 Act on 30th June 2012—

Article 2(2) of the Order brings the following provisions of the 2012 Act into operation on 30th June 2012—

Article 2(3) of the Order brings into operation section 22 and Schedule 4 (in part), which relate to the Pension Protection Fund, for the purpose only of authorising the making of regulations on 2nd July 2012 and for all other purposes on 23rd July 2012.

Article 2(4) of the Order brings into operation section 22 and Schedule 4 (in part), on 23rd July 2012.