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22. In regulation 49 of the Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996(1) (insolvent schemes)—
(a)at the end of paragraph (3)(a), omit “and”;
(b)after paragraph (3)(a), insert—
“(aa)except where paragraph (3A) applies, the member is not a qualifying member of a qualifying pension scheme for the purposes of the Financial Assistance Scheme Regulations 2005, and”; and
(c)after paragraph (3), insert—
“(3A) This paragraph applies where—
(a)the member has been notified in accordance with regulation 50 before the date on which the Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 came into force, and
(b)the Commissioners for Her Majesty’s Revenue and Customs receive a written application for the member’s state scheme rights to be restored in accordance with this regulation.”.
S.R. 1996 No. 493. Regulation 49 was amended by S.I. 2005/3377.
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