Search Legislation

The Pension Protection Fund (State Aid) (Amendment) (EU Exit) Regulations (Northern Ireland) 2020

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)
 Help about opening options

Opening Options

Status:

This is the original version (as it was originally enacted). This item of legislation is currently only available in its original format.

Statutory Rules of Northern Ireland

2020 No. 318

Exiting The European Union

Pensions

The Pension Protection Fund (State Aid) (Amendment) (EU Exit) Regulations (Northern Ireland) 2020

Made

10th December 2020

Coming into operation in accordance with regulation 1(1)

The Department for Communities makes the following Regulations in exercise of the powers conferred by paragraph 1(1) of Schedule 2, and paragraph 21 of Schedule 7, to the European Union (Withdrawal) Act 2018(1).

Citation, commencement and interpretation

1.—(1) These Regulations may be cited as the Pension Protection Fund (State Aid) (Amendment) (EU Exit) Regulations (Northern Ireland) 2020 and shall come into operation on IP completion day.

(2) The Interpretation Act (Northern Ireland) 1954(2) shall apply to these Regulations as it applies to an Act of the Assembly.

Amendment of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations

2.  In regulation 2 of the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations (Northern Ireland) 2005(3) (modification of Part III of the Order) for paragraph (2) substitute—

(2) Paragraph (1) shall not apply in relation to a partially guaranteed scheme where—

(a)the scheme was in existence immediately prior to IP completion day, and

(b)the application of paragraph (1) immediately prior to IP completion day would have given rise to State aid that was incompatible with the internal market within the meaning of Article 107 of the Treaty as it had effect in the United Kingdom immediately prior to IP completion day..

Amendment of the Pension Protection Fund (Entry Rules) Regulations

3.  In regulation 2 of the Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005(4) (schemes which are not eligible schemes) for paragraph (1A) substitute—

(1A) Paragraph (1)(d) shall not apply in relation to a scheme where—

(a)the scheme was in existence immediately prior to IP completion day, and

(b)the application of paragraph (1)(d) immediately prior to IP completion day would have given rise to State aid that was incompatible with the internal market within the meaning of Article 107 of the Treaty on the Functioning of the European Union(5) as it had effect in the United Kingdom immediately prior to IP completion day..

Amendment of the Payment of Pension Levies for Past Periods Regulations

4.  In regulation 3(7) of the Payment of Pension Levies for Past Periods Regulations (Northern Ireland) 2015(6) (interest) after “794/2004” insert “(as it had effect in the United Kingdom immediately prior to IP completion day)”.

Sealed with the Official Seal of the Department for Communities on 10th December 2020

(L.S.)

Anne McCleary

A senior officer of the Department for Communities

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations make amendments to provisions that relate to State aid in the Pension Protection Fund (Partially Guaranteed Schemes) (Modification) Regulations (Northern Ireland) 2005, the Pension Protection Fund (Entry Rules) Regulations (Northern Ireland) 2005 and the Payment of Pension Levies for Past Periods Regulations (Northern Ireland) 2015 in consequence of the withdrawal of the UK from the EU. The Regulations, in effect, maintain the position as it was prior to EU Exit.

(1)

2018 c. 16; paragraph 21 of Schedule 7 was amended by paragraph 53(2) of Schedule 5 to the European Union (Withdrawal Agreement) Act 2020 (c. 1)

(3)

S.R. 2005 No. 55; regulation 2 was amended by regulation 2(3) of S.R. 2010 No. 32

(4)

S.R. 2005 No. 126; regulation 2(1A) was inserted by regulation 3(2) of S.R. 2010 No. 32

(5)

O.J. No. C115, 9.5.08, p.47

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Rule and provides information about its policy objective and policy implications. They aim to make the Statutory Rule accessible to readers who are not legally qualified and accompany any Northern Ireland Statutory Rule or Draft Northern Ireland Statutory Rule laid before the UK Parliament during the suspension of the Northern Ireland Assembly.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources