The Occupational Pension Schemes (Scheme Funding) Regulations 2005

[^f00032]: S.I. 1996/1715; relevant amending instruments are S.I. 2000/679 and 2005/2426.

[^f00033]: Regulation 16A was inserted by S.I. 2000/679 and amended by S.I. 2005/2426.

[^f00034]: S.I. 1996/1847; relevant amending instruments are S.I. 1997/786, 2003/1727 and 2005/706.

[^f00035]: S.I. 1996/2475, to which there are amendments not relevant to these Regulations.

[^f00036]: S.I. 1996/3126, to which there are amendments not relevant to these Regulations.

[^f00037]: S.R. (NI) 1996 No. 493; to which there are amendments not relevant to these Regulations.

[^f00038]: For the purposes of these Regulations “2005 Order” refers to S.I. 2005/255 (N.I. 1).

[^f00039]: S.I. 2000/1052; relevant amending instruments are S.I. 2000/2691 and 2005/706.

[^f00040]: S.I. 2000/1053, amended by S.I. 2005/706; there are other amending instruments but none is relevant.

[^f00041]: S.I. 2000/1054, amended by S.I. 2005/706; there are other amending instruments but none is relevant.

[^f00042]: S.I. 2000/1403, to which there are amendments not relevant to these Regulations.

[^f00043]: S.I. 2000/3198, to which there are amendments not relevant to these Regulations.

[^f00044]: S.I. 2005/2426.

[^f00045]: S.I. 1996/1536; relevant amending instruments are S.I. 1997/786 and 1997/3038.

[^f00046]: S.I. 1996/1172; relevant amending instruments are S.I. 1997/786 and 2002/681.

[^f00047]: S.I. 2005/3331.

[^f00048]: S.I. 1996/2475, to which there are amendments not relevant to these Regulations.

[^f00049]: S.I. 1996/3126, to which there are amendments not relevant to these Regulations.

[^f00050]: S.I. 1996/3128, amended by S.I. 1997/786 and 3038, 1999/3198, 2002/380, 2004/403, 2005/72 and 678.

[^f00051]: S.I. 2005/678, amended by S.I. 2005/2224.

Multi-employer schemes

Frozen or paid-up schemes

Employers in periods of grace

Schemes undertaking cross-border activities

Schemes with a partial guarantee by a public authority

Schemes relating to certain defence contractors

Schemes under which the rates of contributions are determined by the trustees or managers or by the actuary

Schemes which are not required to appoint an actuary

Schemes with fewer than 100 members

Schemes subject to a change of circumstances affecting the certification of the schedule of contributions

Occupational Pension Schemes (Contracting-out) Regulations 1996

Occupational Pension Schemes (Disclosure of Information) Regulations 1996

Occupational Pension Schemes (Scheme Administration) Regulations 1996

Occupational Pension Schemes (Transfer Values) Regulations 1996

Personal and Occupational Pension Schemes (Pensions Ombudsman) Regulations 1996

Occupational Pension Schemes (Winding Up) Regulations 1996

Occupational Pension Schemes (Contracting-out) Regulations (Northern Ireland) 1996

Pension Sharing (Valuation) Regulations 2000

Pension Sharing (Implementation and Discharge of Liability) Regulations 2000

Pension Sharing (Pension Credit Benefit) Regulations 2000

Stakeholder Pension Schemes Regulations 2000

Occupational Pension Schemes (Republic of Ireland Schemes Exemption) Regulations 2000

Occupational Pension Schemes (Administration and Audited Accounts) (Amendment) Regulations 2005

Editorial notes

[^c1241959]: 1993 c. 49; paragraph 5(3C) of Schedule 1 was inserted by Article 138(2) of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)); paragraph 5(4A) of Schedule 1 was added by paragraph 77(5)(d) of Schedule 1 to the Social Security Contributions (Transfer of Functions, etc.) (Northern Ireland) Order 1999 (S.I.1999/671), and is cited for the definition of “regulations”.

[^c1241960]: See paragraph 5(4A) of Schedule 1 to the Pension Schemes (Northern Ireland) Act 1993.

[^c1241961]: 1995 c. 26; section 124(1) is cited for the definitions of “prescribed” and “regulations”.

[^c1241962]: 2004 c. 35; section 318(1) is cited for the definitions of “modifications”, “prescribed” and “regulations”.

[^c1241963]: Section 120(1) of the Pensions Act 1995 provides that the Secretary of State must consult such persons as he considers appropriate before making regulations by virtue of Part 1 of that Act. Section 317(1) of the Pensions Act 2004 makes similar provision with respect to regulations under that Act. The duty under the 2004 Act does not apply where regulations are made within six months of the coming into force of the provisions under which they are made.

[^c1241964]: 1993 c. 48.

[^c1241965]: The definition of “pension credit rights” was inserted into section 124(1) of the 1995 Act by paragraph 61(3) of Schedule 12 to the Welfare Reform and Pensions Act 1999 (c. 30).

[^c1241966]: Section 41 was amended by paragraph 12 of Schedule 5 to the Child Support, Pensions and Social Security Act 2000 (c. 19) and paragraph 52 of Schedule 12 to the Pensions Act 2004.

[^c1241967]: Section 75 was amended by section 271 of the Pensions Act 2004.

[^c1241968]: Section 74(3)(c) was amended by S.I. 2001/3649.

[^c1241969]: Section 49(9)(b) of the 1995 Act was inserted by section 10(1) of the Welfare Reform and Pensions Act 1999.

[^c1241971]: 1987 c. 45.

[^c1241972]: Section 23 was substituted by the Pensions Act 2004, section 36(3).

[^c1241973]: 1975 c. 26.

[^c1241974]: 1988 c. 1; the definition of “relevant benefits” was amended by paragraph 10(1) of Schedule 10 to the Finance Act 1999 (c. 16). Section 612(1) is repealed by Part 3 of Schedule 42 to the Finance Act 2004 (c. 12) with effect from 6th April 2006.

[^c1241975]: 2003 c. 1; section 393B is inserted by section 249(3) of the Finance Act 2004 with effect from 6th April 2006..

[^c1241976]: Section 611A was inserted by paragraph 15 of Schedule 6 to the Finance Act 1989 (c. 26) and amended by paragraph 5 of Schedule 5 to the Finance Act 1999. The section is repealed by Part 3 of Schedule 42 to the Finance Act 2004 with effect from 6th April 2006.

[^c1241977]: Section 615(6) was amended by paragraph 11 of Schedule 10 to the Finance Act 1999.

[^c1241978]: Section 590 is amended by paragraph 3 of Schedule 6 to the Finance Act 1989.

[^c1241979]: 1994 c. 39.

[^c1241980]: S.I. 1997/1612.

[^c1241981]: Section 74(3)(c) was amended by S.I. 2001/3649.

[^c1241982]: S.I. 2005/255 (N.I. 1).

[^c1241985]: 1988 c. 1; section 611 is repealed by Part 3 of Schedule 42 to the Finance Act 2004 with effect from 6th April 2006.

[^c1241987]: 1985 c. 6; section 736 was substituted by section 144(1) of the Companies Act 1989 (c. 40).

[^c1241988]: S.I. 1996/1172; relevant amending instruments are S.I. 1997/786 and 2002/681.

[^c1241992]: S.I. 1996/1715; relevant amending instruments are S.I. 2000/679 and 2005/2426.

[^c1241993]: Regulation 16A was inserted by S.I. 2000/679 and amended by S.I. 2005/2426.

[^c1241994]: S.I. 1996/1847; relevant amending instruments are S.I. 1997/786, 2003/1727 and 2005/706.

[^c1241995]: S.I. 1996/2475, to which there are amendments not relevant to these Regulations.

[^c1241996]: S.I. 1996/3126, to which there are amendments not relevant to these Regulations.

[^c1241997]: S.R. (NI) 1996 No. 493; to which there are amendments not relevant to these Regulations.

[^c1241998]: For the purposes of these Regulations “2005 Order” refers to S.I. 2005/255 (N.I. 1).

[^c1241999]: S.I. 2000/1052; relevant amending instruments are S.I. 2000/2691 and 2005/706.

[^c1242000]: S.I. 2000/1053, amended by S.I. 2005/706; there are other amending instruments but none is relevant.

[^c1242001]: S.I. 2000/1054, amended by S.I. 2005/706; there are other amending instruments but none is relevant.

[^c1242002]: S.I. 2000/1403, to which there are amendments not relevant to these Regulations.

[^c1242003]: S.I. 2000/3198, to which there are amendments not relevant to these Regulations.

[^c1242004]: S.I. 2005/2426.

[^c1242005]: S.I. 1996/1536; relevant amending instruments are S.I. 1997/786 and 1997/3038.

[^c1242006]: S.I. 1996/1172; relevant amending instruments are S.I. 1997/786 and 2002/681.

[^c1242007]: S.I. 2005/3331.

[^c1242008]: S.I. 1996/2475, to which there are amendments not relevant to these Regulations.

[^c1242009]: S.I. 1996/3126, to which there are amendments not relevant to these Regulations.

[^c1242010]: S.I. 1996/3128, amended by S.I. 1997/786 and 3038, 1999/3198, 2002/380, 2004/403, 2005/72 and 678.

[^c1242011]: S.I. 2005/678, amended by S.I. 2005/2224.

[^key-3ec59121f73f6ca7639359a5fa2a74ca]: Reg. 6 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(a)

[^key-ef3a0e711f0423077f2f92d74b2cea63]: Reg. 7 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(a)

[^key-4f08eff7441cc96844ec378af2e92a08]: Reg. 9 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(a)

[^key-cbf6706807979faff8e855721e8c216f]: Reg. 13 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(a)

[^key-c6351e96df88424134f21a45c42b647c]: Reg. 8 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(b)

[^key-a5f77d43ab74f01c214b1ea8e724d8db]: Reg. 10 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(c)(i)

[^key-088ffa061cccb4e015143f4c02a7b156]: Reg. 17 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(d)

[^key-bed2d49105140b094f02c7c07de17a99]: Reg. 18 modified (30.12.2005) by Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005 (S.I. 2005/3380), regs. 1, 5(2)(d)

[^key-0ed5c12379eb17495e4d0c987599667b]: Words in reg. 17(1)(l) substituted (24.7.2006) by Occupational Pension Schemes (Winding up Procedure Requirement) Regulations 2006 (S.I. 2006/1733), regs. 1, 5(3)(a)

[^key-eb1f0ec6ce6c7a4015d6458ba1bf425e]: Reg. 17(1A) inserted (24.7.2006) by Occupational Pension Schemes (Winding up Procedure Requirement) Regulations 2006 (S.I. 2006/1733), regs. 1, 5(3)(b)

[^key-487143fff5ceada866cc5a986c18d069]: Reg. 17(2A) inserted (24.7.2006) by Occupational Pension Schemes (Winding up Procedure Requirement) Regulations 2006 (S.I. 2006/1733), regs. 1, 5(4)

[^key-e9a18867dd82fe4508755e5f6bf68723]: Reg. 8(8) omitted (24.7.2006) by virtue of Occupational Pension Schemes (Winding up Procedure Requirement) Regulations 2006 (S.I. 2006/1733), regs. 1, 5(2)

[^key-3071affed978dbf25f7d85a5254426b9]: Words in reg. 17(1)(h) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(a)(i)

[^key-db4ee70d2d49f4a5db1526ca42d577b9]: Words in reg. 17(1)(h)(i) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(a)(ii)

[^key-b75c6937cc47124f79c9408160e25bed]: Words in reg. 17(1)(h)(ii) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(a)(iii)

[^key-ff3994e0dca3d27bc634b2caadfc0b50]: Words in reg. 17(1)(i) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(b)(i)

[^key-897ab149f6e585decdfae9086dd5035e]: Words in reg. 17(1)(i) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(b)(ii)

[^key-129718550fd73a129d697728fc175587]: Words in reg. 17(1)(i)(i) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(b)(iii)

[^key-8a8092e535b8e217d1403adee7604fb4]: Words in reg. 17(1)(i)(ii) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(2)(b)(iv)

[^key-431cf089b1713ce8ebd9fe6f17e12c51]: Words in Sch. 4 para. 3(4) omitted (6.4.2007) by virtue of Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(4)(a)

[^key-80cd0941726a89ea716f0cde4a3322f1]: Words in Sch. 4 para. 3(5) substituted (6.4.2007) by Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2007 (S.I. 2007/814), regs. 1, 15(4)(b)

[^key-3670ddb632e54f2d1b0fcbbb317c1f15]: Sch. 2 para. 3 substituted (6.4.2008) by Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2008 (S.I. 2008/731), regs. 2(1), 20 (with reg. 2(3)-(8))

[^key-0361e7033fbc125201324635280d046b]: Words in reg. 17(1)(l) inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 18(2)(a)

[^key-5a9088e604169e767a2a46dca7f0d63e]: Words in reg. 17(2) inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 18(2)(b)

[^key-cedf4344905b735ceeea8cdebea8eb94]: Words in Sch. 2 para. 9(5) inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 18(3)(a)(i)

[^key-88cfcbcd342a15473fb501c1a69dc48f]: Words in Sch. 2 para. 9(5) substituted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 18(3)(a)(ii)

[^key-61ae8ee99ccf4861a8172e15b0becbb0]: Words in Sch. 2 para. 9(6) substituted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 18(3)(b)

[^key-b7b4f160d92bbc31754a3d7c069aef48]: Words in Sch. 2 para. 9(7) inserted (6.4.2009) by Occupational, Personal and Stakeholder Pensions (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/615), regs. 1(2), 18(3)(c)

[^key-cf5dac28de1225acf0ea2c9b6909ee04]: Reg. 17(1)(ca) inserted (1.9.2009) by Occupational Pension Schemes (Scottish Parliamentary Pensions Act 2009) Regulations 2009 (S.I. 2009/1906), reg. 1, Sch. para. 7

[^key-ca809ecad1a58798c0f2368eb774f388]: Reg. 15 substituted (6.4.2010) by The Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/499), regs. 1, 6(2)

[^key-11f49e47a7b906079d8716f79421744e]: Words in Sch. 2 para. 3(2) substituted (6.4.2010) by The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2010 (S.I. 2010/725), regs. 1(2), 21

[^key-f7889e0368b07d4fb90bcbd4b6a0e0f1]: Sch. 2 para. 3A inserted (27.1.2012) by The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2011 (S.I. 2011/2973), regs. 1(2), 15

[^key-1b73789dccdaa6cb950172266da66267]: Words in reg. 15 substituted (9.8.2012) by The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations 2012 (S.I. 2012/1817), reg. 1, Sch. para. 8(b)

[^key-c88f68887a147afa33cc42bd32e60cde]: Words in reg. 2(1) omitted (9.8.2012) by virtue of The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations 2012 (S.I. 2012/1817), reg. 1, Sch. para. 8(a)

[^key-0ae369b5b9f3f59f1107e9186ced5f40]: Sch. 3 para. 3 omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734), reg. 1(1), Sch. 9 para. 14

[^key-b03070436b37939ace89f77c1d6a5b46]: Reg. 6(2) modified (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 66(2) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

[^key-6eeda5599f52cacbce28d25f69cb22c6]: Reg. 8(1)(a) modified (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 66(3) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

[^key-722ae4b826ad3b391db88ad5e3d0699c]: Reg. 9(1) modified (24.7.2014) by The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014 (S.I. 2014/1711), regs. 1(1), 66(4) (with regs. 6, 41, 44(1), 47(1), 69(2), 72(1), 76(1)); coming into force immediately after s. 29 of 2011 c 19 - see S.I. 2014/1683, art. 2

[^key-9e24ed932440aacc92acea3b67d43e08]: Sch. 2 paras. 3B-3D inserted (6.4.2018) by The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2018 (S.I. 2018/237), regs. 1(2), 12(2)

[^key-bc392471deb1b6cd4d723bb9282d4355]: Reg. 17(1)(d) substituted (31.12.2020) by The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 28(2); 2020 c. 1, Sch. 5 para. 1(1)

[^key-76477b33c4ac4887d5344a883b5bbc73]: Words in Sch. 2 para. 4(2)(b) substituted (31.12.2020) by The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 28(3)(a); 2020 c. 1, Sch. 5 para. 1(1)

[^key-40666394c060917284ab8b056c17e5ce]: Words in Sch. 2 para. 4(2)(d)(i) substituted (31.12.2020) by The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 28(3)(a); 2020 c. 1, Sch. 5 para. 1(1)

[^key-7e9925736d6de8c8e36912880a7ccde0]: Words in Sch. 2 para. 4(3)(a) substituted (31.12.2020) by The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 28(3)(a); 2020 c. 1, Sch. 5 para. 1(1)

[^key-0a223228ace6191593523557e7515227]: Sch. 2 para. 6 omitted (31.12.2020) by virtue of The Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/192), regs. 1, 28(3)(b); 2020 c. 1, Sch. 5 para. 1(1)

[^key-8887e19bb505f78a29276f7a9cdcdab3]: Word in reg. 17(1)(l) omitted (1.8.2022) by virtue of The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022 (S.I. 2022/337), regs. 1(3), 9(a)

[^key-cda4b88ab337e6b6c506fb7db1003e13]: Word in reg. 17(1)(m) substituted (1.8.2022) by The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022 (S.I. 2022/337), regs. 1(3), 9(b)

[^key-da04d48d11bc75b17c9b7c061e266ca7]: Reg. 17(1)(n) inserted (1.8.2022) by The Occupational Pension Schemes (Collective Money Purchase Schemes) (Modifications and Consequential and Miscellaneous Amendments) Regulations 2022 (S.I. 2022/337), regs. 1(3), 9(c)

[^key-4be947a2023c3bd9115d118425824925]: Words in reg. 2(1) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(2)

[^key-9db7a678c2ab7d938a73356b7b927ec3]: Word in reg. 7(4)(a) omitted (6.4.2024) by virtue of The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(3)(a)(i)

[^key-d652dfd210f60f36fa53106904f0e8b6]: Reg. 7(4A) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(3)(b)

[^key-5435352cc4ccf114bf172a0f8b316d1b]: Reg. 7(8)-(10) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(3)(d)

[^key-a4fb1267847394a2f8b880bbfb88a159]: Reg. 7(4)(c) and word inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(3)(a)(ii)

[^key-41f03b0af26ad9518f07096c10c06a1b]: Words in reg. 7(6) substituted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(3)(c)

[^key-67acce2c2b0744ae20c60ce28bd988d2]: Reg. 7(4)(b) full stop omitted (6.4.2024) by virtue of The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(3)(a)(ii)

[^key-dcc6e2c79ee3e2751dbd38e9c79fc344]: Reg. 8(1A) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(4)(a)

[^key-e2519f55a99da7a4aee77cb4cc5642e2]: Reg. 8(7A)(7B) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(4)(c)

[^key-c53845d58bd79a0aa4b63e5288526120]: Reg. 8(2)(f) and word inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(4)(b)(ii)

[^key-1b76f0ed8e9d03484c96aade139b2ebd]: Reg. 8(2)(d) substituted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(4)(b)(i)

[^key-30ffcb1c8e792945b60d081dde366ea6]: Words in Sch. 2 para. 1(1) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

[^key-e14c38fcaf1f5c5aa748fd32365eca34]: Words in Sch. 2 para. 1(4) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

[^key-67eb30c823c2003d034865c90383527c]: Words in Sch. 2 para. 1(6) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

[^key-b204772e2645f91b8f3245be7a5d3356]: Words in Sch. 2 para. 4(4) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

[^key-a9faa6cac7484fc03cff56d2553d9b5d]: Words in Sch. 2 para. 5(3) inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

[^key-ab3b08e8da6773ca8194a6dde592cfde]: Words in Sch. 2 para. 7 inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

[^key-2107dd397f4af01022a679edcfbdc3d6]: Words in Sch. 2 para. 10 inserted (6.4.2024) by The Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2024 (S.I. 2024/462), regs. 1(1), 20(5)

3A

• (1) This paragraph applies where an employer is treated under regulation 6A(1) of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (employment-cessation events: periods of grace) as if it employed at least one person who is an active member of a scheme.

• (2) Where this paragraph applies, Part 3 of the 2004 Act (scheme funding) and these Regulations are modified so that references to “employer” include a reference to the employer referred to in sub-paragraph (1).

• (3) This paragraph ceases to apply where the period of grace referred to in regulation 6A of the Occupational Pension Schemes (Employer Debt) Regulations 2005 in respect of the employer comes to an end in accordance with that regulation.

Period of grace followed by a deferred debt arrangement

3B

• (1) This paragraph applies where an employer is treated under regulation 6A(1) of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (employment-cessation events: periods of grace) as if it employed at least one person who is an active member of a scheme.

Employers in deferred debt arrangements

3C

• (1) This paragraph applies where a deferred employer is treated under regulation 6F(4) of the Occupational Pension Schemes (Employer Debt) Regulations 2005 (deferred debt arrangement) as if it employed at least one person who is an active member of a scheme.

• (2) Where this paragraph applies, Part 3 of the 2004 Act and these Regulations are modified so that references to “employer” include a reference to a deferred employer.

• (3) This paragraph ceases to apply where the deferred debt arrangement referred to in regulation 6F of the Occupational Pension Schemes (Employer Debt) Regulations 2005 in respect of the deferred employer comes to an end in accordance with that regulation.

Employers in deferred debt arrangements

3D

For the purposes of paragraphs 3B and 3C—

• “deferred debt arrangement” and “deferred employer” have the meanings given in regulation 2(1) (interpretation) of the Occupational Pension Schemes (Employer Debt) Regulations 2005.

Schemes covering United Kingdom and foreign employment