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The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 1996

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This is the original version (as it was originally made).

Scheme membership

3.—(1) In determining for the purposes of sections 16(6)(a) and 18(6)(a) (requirements as to numbers of member-nominated trustees and directors) and of these regulations the number of members which a scheme comprises, a person shall be treated as becoming or ceasing to be a member at the beginning of the scheme year following that in which he actually becomes or ceases to be a member.

(2) In determining for the purposes of these regulations the number of members of a specified description which a scheme comprises, a person shall be treated as becoming or ceasing to be a member of that description at the beginning of the scheme year following that in which he actually becomes or ceases to be such a member.

(3) Paragraphs (1) and (2) do not apply—

(a)during the first scheme year of the scheme (but see paragraph 8(3) of Schedule 1); or

(b)at any other time if the trustees of the scheme so determine before that time.

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