1.—(1) These Regulations may be cited as the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996.
(2) This regulation shall come into force on 19th December 1996.
(3) Subject to paragraphs (2) and (4) to (6) and regulation 6(1) (in so far as it relates to the period there mentioned), these Regulations shall come into force on 6th April 1997.
(4) Regulations 3 to 6 shall not apply where the applicable time falls before that date.
(5) Regulations 3 to 6 shall not apply to any scheme which began to be wound up earlier than 19th December 1996.
(6) Regulations 7 to 9 shall only apply where the act or omission to which the reduction in value is attributable occurred after 5th April 1997.