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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022

Draft Legislation:

This is a draft item of legislation and has not yet been made as a UK Statutory Instrument. This draft has been replaced by a new draft, The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 ISBN 978-0-348-23118-2

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1.—(1) In this Schedule—

arrangement” means a voluntary arrangement entered into by an individual with their creditors;

the Bankruptcy Act” means the Bankruptcy (Scotland) Act 2016(1);

the Insolvency Act” means the Insolvency Act 1986(2);

the Insolvency Order” means the Insolvency (Northern Ireland) Order 1989(3);

the registrar of companies” has the meaning given by section 1060(3) of the Companies Act 2006.

(2) In paragraph 2(a)—

adjudicator” has the meaning given by section 385(1) of the Insolvency Act(4);

creditor” has the meaning given by section 383(1) of the Insolvency Act(5).

(3) In paragraph 2(b)—

the Accountant in Bankruptcy” has the meaning given by section 199(1) of the Bankruptcy Act;

creditor” has the meaning given by section 383(1) of the Insolvency Act;

debtor application” has the meaning given by section 228(1) of the Bankruptcy Act;

sequestration” has the meaning given by section 1 of the Bankruptcy Act.

(4) In paragraph 2(c)—

bankrupt”, “bankruptcy order” and “bankruptcy petition” have the meanings given in Article 9(1) of the Insolvency Order;

“the court” is defined in rule 0.2 of the Insolvency Rules (Northern Ireland) 1991(6);

creditor” has the meaning given in Article 9(1) of the Insolvency Order.

(4)

Section 385(1) was amended by paragraphs 1 and 55 of Schedule 19 to the Enterprise and Regulatory Reform Act 2013.

(5)

Section 383(1) was amended by section 170(2) of and Schedule 16 to the Criminal Justice Act 1988 (c. 33) and paragraphs 1 and 53 of and Schedule 19 to the Enterprise and Regulatory Reform Act 2013.

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