The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
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Change 1
16 Triggering events and related amendments: unconnected multiple employer schemes
In section 31 (triggering events)— (a) in subsection (2) for “9” substitute “10”; (b) in subsection (4), in the triggering events table— (i) at the beginning of the text in the second column relating to item 4 insert “Where the scheme is a single or connected employer scheme,”; (ii) after the row for item 4 insert— 4A. | Where the scheme is an unconnected multiple employer scheme, an insolvency event occurs in relation to the scheme proprietor. | The date on which the insolvency event occurs. 4B. | Where the scheme is an unconnected multiple employer scheme and the scheme proprietor is a person or body of a kind that meets requirements prescribed under section 129(1)(b) of the Pensions Act 2004, the scheme proprietor becomes unlikely to continue as a going concern. | The earlier of— the date on which the scheme proprietor notifies the Pensions Regulator of that fact, and the date on which the trustees become aware of that fact. ; (iii) at the beginning of the text in the second column relating to item 5 insert “Where the scheme is a single or connected employer scheme,”; (iv) after the row for item 7 insert— 7A. | Where the scheme is an unconnected multiple employer scheme, the scheme proprietor decides to end the relationship or arrangement with the scheme by virtue of which it is the scheme proprietor. | The date of the decision. 7B. | Where the scheme is an unconnected multiple employer scheme, the scheme proprietor ends the relationship or arrangement with the scheme by virtue of which it is the scheme proprietor. | The earlier of— the date on which the scheme proprietor notifies the Pensions Regulator of that fact, and the date on which the trustees become aware of that fact. ; (v) at the end insert— 10. | Where the scheme is an unconnected multiple employer scheme, the trustees decide that the scheme is at risk of failure and so it is necessary for one of the continuity options to be pursued (see section 34). | The date of the decision. ; (c) after subsection (4) insert— (4A) An unconnected multiple employer scheme is to be taken to permit the trustees of the scheme to make the decision referred to in item 10 of the table, to the extent that it would not otherwise do so. .
16 Triggering events and related amendments: unconnected multiple employer schemes
In section 31 (triggering events)— (a) in subsection (2) for “9” substitute “10”; (b) in subsection (4), in the triggering events table— (i) at the beginning of the text in the second column relating to item 4 insert “Where the scheme is a single or connected employer scheme,”; (ii) after the row for item 4 insert— 4A. | Where the scheme is an unconnected multiple employer scheme, an insolvency event occurs in relation to the scheme proprietor. | The date on which the insolvency event occurs. 4B. | Where the scheme is an unconnected multiple employer scheme and the scheme proprietor is a person or body of a kind that meets requirements prescribed under section 129(1)(b) of the Pensions Act 2004, the scheme proprietor becomes unlikely to continue as a going concern. | The earlier of— the date on which the scheme proprietor notifies the Pensions Regulator of that fact, and the date on which the trustees become aware of that fact. ; (iii) at the beginning of the text in the second column relating to item 5 insert “Where the scheme is a single or connected employer scheme,”; (iv) after the row for item 7 insert— 7A. | Where the scheme is an unconnected multiple employer scheme, the scheme proprietor decides to end the relationship or arrangement with the scheme by virtue of which it is the scheme proprietor. | The date of the decision. 7B. | Where the scheme is an unconnected multiple employer scheme, the scheme proprietor ends the relationship or arrangement with the scheme by virtue of which it is the scheme proprietor. | The earlier of— the date on which the scheme proprietor notifies the Pensions Regulator of that fact, and the date on which the trustees become aware of that fact. ; (v) at the end insert— 10. | Where the scheme is an unconnected multiple employer scheme, the trustees decide that the scheme is at risk of failure and so it is necessary for one of the continuity options to be pursued (see section 34). | The date of the decision. ; (c) after subsection (4) insert— (4A) An unconnected multiple employer scheme is to be taken to permit the trustees of the scheme to make the decision referred to in item 10 of the table, to the extent that it would not otherwise do so. .
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