[F13A. In section 134 (directions)—U.K.
(a)in subsection (1), for “there is an assessment period in relation to an eligible scheme” substitute “an occupational pension scheme is a qualifying pension scheme under section 286(2) which has not been fully wound up”;
(b)in subsection (2), for the words from the beginning to “is kept to a minimum” substitute “With a view to ensuring that any reduction in the scheme’s assets is kept to a minimum or that the assets of the scheme are invested in a way which, in the opinion of the scheme manager, is appropriate”;
[F2(ba)in subsection (2), after paragraph (b) insert—
“(ba)the determination of interim pensions,”;]
(c)in subsections (2) and (4), for “the Board”, substitute “the scheme manager”; and
[F3(ca)in subsection (3), before paragraph (a) insert—
“(za)“interim pension” has the meaning given by regulations under section 286(1),”;]
(d)in subsection (3), after paragraph (a)(i) insert—
“(ia)a professional adviser to the scheme;
(ib)any other person appearing to the scheme manager to be a person who carries out, or is likely to carry out, activities relevant to the use of the assets of the scheme;”.]
Textual Amendments
F1Sch. 1 para. 3A inserted (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 13(a)