Source: http://www.legislation.gov.uk/uksi/2019/192/made
Timestamp: 2019-02-18 07:32:54
Document Index: 480969285

Matched Legal Cases: ['art 7', 'art 7', 'art 1', 'art 1', 'art 18', 'art 2', 'art 3', 'art 4']

1. These Regulations may be cited as the Occupational and Personal Pension Schemes (Amendment etc.) (EU Exit) Regulations 2019 and come into force on exit day.
2.—(1) The Pension Schemes Act 1993(2) is amended as follows.
(2) In section 1 (categories of pension schemes)(3), in subsection (1), in the definition of “occupational pension scheme” omit paragraph (b) and the “and” before it.
(3) In section 19 (discharge of liability where guaranteed minimum pensions secured by insurance policies or annuity contracts)(4), in subsection (4)(a)(i) omit “or any other EEA State”.
(4) In section 149 (procedure on an investigation)(5), in subsection (6)—
(a)in paragraph (l), omit “, EEA central counterparty” and “, EEA CSD”, and
(b)in paragraph (n), omit “other than the United Kingdom”.
(5) In section 158A (other disclosures by the Secretary of State)(6), in the table in subsection (1), in the entry beginning “A recognised investment exchange”—
(a)in column 1 omit “, EEA central counterparty” and “, EEA CSD”, and
(6) In section 165 (application of certain provisions to cases with foreign element)(7), in subsection (7), for “territory of the member States” substitute “United Kingdom”.
(7) In section 180A (insurer and long-term insurance business)(8), in subsection (1) omit paragraph (b) and the “or” before it.
3.—(1) The Pensions Act 1995(9) is amended as follows.
(2) In section 49 (other responsibilities of trustees, employers, etc), in subsection (8A)—
(b)in paragraph (c), omit the words after “Bank of England”.
4.—(1) The Welfare Reform and Pensions Act 1999(10) is amended as follows.
(2) In Schedule 5 (pension credits: mode of discharge), in paragraph 6(2)(a), omit “or any other EEA state”.
5.—(1) The Pensions Act 2004(11) is amended as follows.
(2) In section 73 (inspection of premises), in subsection (2)(a), in the list of provisions—
(a)in the parenthetical description of section 253, for “non-European” substitute “non-UK”, and
(b)omit “Part 7 (cross-border activities within European Union);”.
(3) In section 87 (other permitted disclosures), in subsection (2)(h)(12), for “an EU obligation” substitute “retained EU law”.
(4) In section 115 (borrowing), in subsection (3)(13), in the definition of “deposit-taker” omit paragraph (b) and the “or” before it.
(5) In section 201 (other permitted disclosures), in subsection (2)(g)(14), for “an EU obligation” substitute “retained EU law”.
(6) In section 249A (requirement for internal controls)(15), omit subsection (4).
(7) In section 253 (non-European scheme to be trust with UK-resident trustee)(16)—
(a)in the heading, for “Non-European” substitute “Non-UK”, and
(b)in subsections (1) and (6), for “EEA states” substitute “United Kingdom”.
(8) In section 254 (representative of non-European scheme to be treated as trustee)(17)—
(b)in subsection (1), for “EEA states” substitute “United Kingdom”.
(9) Omit Part 7 (cross-border activities within European Union).
(10) In section 307(2) (modification of this Act in relation to certain categories of schemes) omit paragraph (f) and the “and” before it.
(11) In Schedule 3 (restricted information held by the Regulator) and Schedule 8 (restricted information held by the Board)(18), in the entry in the table relating to a recognised investment exchange, in the first column omit “, EEA CSD” and “, EEA central counterparty”.
Amendment of the Pensions Act 2008
6.—(1) The Pensions Act 2008(19) is amended as follows.
(3) In section 99 (interpretation of Part 1), omit the definition of the “IORP Directive”.
Amendment of the Pension Schemes Act 2015
7.—(1) The Pension Schemes Act 2015(20) is amended as follows.
(2) In section 42 (regulatory own fund schemes exempt from indexation), in subsection (3), for inserted subsections (9) and (10) substitute—
“(9) In subsection (1)(a)(ii) “regulatory own fund scheme” means a scheme where the scheme and not any employer in relation to that scheme—
(b)guarantees an investment performance; or
“employer” has the meaning given by section 318(1) of the Pensions Act 2004.”.
8.—(1) The Occupational Pension Schemes (Contracting-out) Regulations 1996(21) are amended as follows.
(2) In regulation 1(2), in the definition of “overseas scheme”, for “EEA states” substitute “United Kingdom”.
9.—(1) The Contracting-out (Transfer and Transfer Payment) Regulations 1996(22) are amended as follows.
(2) In regulation 1(2), in the definition of “overseas scheme”—
(a)in paragraph (a), for “EEA states” substitute “United Kingdom”;
10.—(1) The Occupational Pension Schemes (Scheme Administration) Regulations 1996(23) are amended as follows.
(b)omit paragraph 4(a).
(4) In regulation 15, omit paragraph (2)(a)(ii) and the “or” before it.
Amendment of the Occupational Pension Schemes (Winding Up) Regulations 1996
11.—(1) The Occupational Pension Schemes (Winding Up) Regulations 1996(24) are amended as follows.
Amendment of the Occupational Pension Schemes (Discharge of Liability) Regulations 1997
12.—(1) The Occupational Pension Schemes (Discharge of Liability) Regulations 1997(25) are amended as follows.
(b)in paragraph (2), for “Sub-paragraphs (a) and (b)” substitute “Sub-paragraph (a)”.
Amendment of the Pension Sharing (Implementation and Discharge of Liability) Regulations 2000
13.—(1) The Pension Sharing (Implementation and Discharge of Liability) Regulations 2000(26) are amended as follows.
14.—(1) The Pension Sharing (Pension Credit Benefit) Regulations 2000(27) are amended as follows.
(b)in the opening words of paragraph (4), omit “and (b)”.
15.—(1) The Stakeholder Pension Schemes Regulations 2000(28) are amended as follows.
(2) In regulation 1(3), in the definition of “insurer” omit paragraph (b) and the “or” before it.
16.—(1) The Register of Occupational and Personal Pension Schemes Regulations 2005(29) are amended as follows.
(2) In regulation 1(4), omit the definition of “scheme undertaking cross-border activities”.
Amendment of the Pension Protection Fund (Appointment of Ordinary Members) Regulations 2005
17.—(1) The Pension Protection Fund (Appointment of Ordinary Members) Regulations 2005(30) are amended as follows.
(2) In Schedule 1, in paragraph 14(c) omit “members of the European Parliament,”.
18.—(1) The Occupational and Personal Pension Schemes (General Levy) Regulations 2005(31) are amended as follows.
(2) In regulation 2(1), omit the definition of “cross-border section 615 scheme”.
(3) In regulation 3(1), omit “, other than such a scheme which is a cross-border section 615 scheme,”.
Amendment of the Occupational Pension Schemes (Employer Debt) Regulations 2005
19.—(1) The Occupational Pension Schemes (Employer Debt) Regulations 2005(32) are amended as follows.
Amendment of the Occupational Pension Schemes (Winding up etc.) Regulations 2005
20.—(1) The Occupational Pension Schemes (Winding up etc.) Regulations 2005(33) are amended as follows.
Amendment of the Pension Protection Fund (PPF Ombudsman) Order 2005
21.—(1) The Pension Protection Fund (PPF Ombudsman) Order 2005(34) is amended as follows.
(2) In Article 7(2)(j), omit “, an EEA central counterparty” and “, an EEA CSD”.
Amendment of the Pensions Regulator (Contribution Notices and Restoration Orders) Regulations 2005
22.—(1) The Pensions Regulator (Contribution Notices and Restoration Orders) Regulations 2005(35) are amended as follows.
(2) In regulation 3(1), omit sub-paragraph (i)(ii) and the “and” before it.
Amendment of the Financial Assistance Scheme Regulations 2005
23.—(1) The Financial Assistance Scheme Regulations 2005(36) are amended as follows.
(2) In regulation 2(3), omit sub-paragraph (b) and the “or” before it.
Amendment of the Financial Assistance Scheme (Provision of Information and Administration of Payments) Regulations 2005
24.—(1) The Financial Assistance Scheme (Provision of Information and Administration of Payments) Regulations 2005(37) are amended as follows.
(2) In regulation 2(2), omit sub-paragraph (b) and the “or” before it.
Amendment of the Occupational Pension Schemes (Trust and Retirement Benefits Exemption) Regulations 2005
25.—(1) The Occupational Pension Schemes (Trust and Retirement Benefits Exemption) Regulations 2005(38) are amended as follows.
Amendment of the Pension Schemes (Categories) Regulations 2005
26.—(1) The Pension Schemes (Categories) Regulations 2005(39) are amended as follows.
(2) In regulation 2, omit paragraph (2)(b) but not the final “and”.
Amendment of the Financial Assistance Scheme (Appeals) Regulations 2005
27.—(1) The Financial Assistance Scheme (Appeals) Regulations 2005(40) are amended as follows.
(2) In regulation 28(3)(k), omit “, EEA central counterparty”, and “, EEA CSD”.
Amendment of the Occupational Pension Schemes (Scheme Funding) Regulations 2005
28.—(1) The Occupational Pension Schemes (Scheme Funding) Regulations 2005(41) are amended as follows.
(2) For regulation 17(1)(d), substitute—
“(d)a scheme which is treated as such by virtue of paragraph 4 or 5 of Schedule 2 to these Regulations and applies to members in employment outside the United Kingdom;”.
29.—(1) The Occupational Pension Schemes (Investment) Regulations 2005(42) are amended as follows.
(a)in the definition of “derivative instrument”, for the words from “of Section C” to “financial instruments” substitute “of Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001(43)”;
“(b)a UK regulated market or an EU regulated market within the meaning of Article 2.1.13A and 2.1.13B respectively of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments; or”.
(4) In regulation 15A, omit paragraph (2)(b) but not the final “or”.
Amendment of the Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005
30.—(1) The Occupational Pension Schemes (Regulatory Own Funds) Regulations 2005(44) are amended as follows.
(2) In regulation 10, omit paragraphs (3) and (8).
(i)omit paragraph (i);
Amendment of the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006
31.—(1) The Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006(45) are amended as follows.
(2) In regulation 4(1), in sub-paragraph (e), for “EEA states” substitute “United Kingdom”.
Amendment of the Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006
32.—(1) The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 2006(46) are amended as follows.
33.—(1) The Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010(47) are amended as follows.
(2) In regulation 32E, in paragraph (1), omit the words “or which is an occupational pension scheme within section 18(b) of the Act,”.
(5) In regulation 39, omit paragraph (7)(a).
34.—(1) The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013(48) are amended as follows.
Amendment of the Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014
35.—(1) The Pensions Act 2011 (Transitional, Consequential and Supplementary Provisions) Regulations 2014(49) are amended as follows.
(2) Omit Part 18 (cross-border schemes).
Amendment of the Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015
36.—(1) The Occupational Pension Schemes (Schemes that were Contracted-out) (No.2) Regulations 2015(50) are amended as follows.
37. The Occupational Pension Schemes (Cross-Border Activities) Regulations 2005(51) are revoked.
These Regulations are made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraphs (a), (c), (d), (e), and (g) of subsection (2)) arising from the withdrawal of the UK from the European Union.
These Regulations amend legislation in the field of occupational and personal pension schemes. Part 2 amends primary legislation, Part 3 amends secondary legislation, and Part 4 revokes secondary legislation.
Section 1 was amended by section 239 of the Pensions Act 2004 (c. 35) and S.I. 2007/3014.
Section 19 was amended by S.I. 2001/3649, 2007/3014.
Section 149 was amended by section 159(1) of the Pensions Act 1995 (c. 26), and paragraph 25(b) of Schedule 12 to the Pensions Act 2004 (c. 35), and S.I. 2001/3649, 2013/504, 2017/1064.
Section 158A was inserted by paragraph 9 of Schedule 6 to the Pensions Act 1995 (c. 26) and amended by S.I. 2001/3649, 2017/1064.
Section 165 was amended by paragraph 61(4)(a) of Schedule 1 to the Employment Rights Act 1996 (c. 18) and S.I. 2018/26.
Section 180A was inserted by S.I. 2001/3649 and amended by paragraph 78(4) of Schedule 18 to the Financial Services Act 2012 (c. 21).
1995 c. 26; subsection (8A) of section 49 was inserted by S.I. 2001/3649 and amended by S.I. 2007/3014.
1999 c. 30; paragraph 6 of Schedule 5 was amended by S.I. 2001/3649, 2007/3014.
Subsection (3) was amended by paragraph 104(2) of Schedule 18 to the Financial Services Act 2012 (c. 21).
Subsection 249A was inserted by S.I. 2005/3379.
Section 253 was amended by S.I. 2007/3014.
Section 254 was amended by S.I. 2007/3014.
Schedules 3 and 8 were amended by S.I. 2013/504, 2017/1064.
2015 c. 8; section 42 is yet to be appointed.
S.I. 1996/1172; amended by S.I. 2007/814, 2007/3014, 2011/1245, 2015/1677; there are other amending instruments but none is relevant.
S.I. 1996/1462; amended by S.I. 2007/814, 2007/3014, 2016/200; there are other amending instruments but none is relevant.
S.I. 1996/1715; amended by S.I. 2006/778, 2015/575; there are other amending instruments but none is relevant.
S.I. 1996/3126; amended by S.I. 2006/467; there are other amending instruments but none is relevant.
S.I. 1997/784; amended by S.I. 2001/3649; there are other amending instruments but none is relevant.
S.I. 2000/1053; amended by S.I. 2001/3649; there are other amending instruments but none is relevant.
S.I. 2000/1054; amended by S.I. 2001/3649; there are other amending instruments but none is relevant.
S.I. 2000/1403; amended by S.I. 2001/3649; there are other amending instruments but none is relevant.
S.I. 2005/597; amended by S.I. 2006/467, 2018/1102; there are other amending instruments but none is relevant.
S.I. 2005/616.
S.I. 2005/626; amended by S.I. 2006/467; there are other amending instruments but none is relevant.
S.I. 2005/678; amended by S.I. 2006/467; there are other amending instruments but none is relevant.
S.I. 2005/706; amended by S.I. 2006/467; there are other amending instruments but none is relevant.
S.I. 2005/824; amended by S.I. 2013/504, 2017/1064; there are other amending instruments but none is relevant.
S.I. 2005/931; amended by S.I. 2006/467; there are other amending instruments but none is relevant.
S.I. 2005/1986, to which there are amendments not relevant to these Regulations.
S.I. 2005/2189, to which there are amendments not relevant to these Regulations.
S.I. 2005/2360; amended by S.I. 2005/3381.
S.I. 2005/2401; amended by S.I. 2007/3014; there are other amending instruments but none is relevant.
S.I. 2005/3273; amended by S.I. 2013/504; there are other amending instruments but none is relevant.
S.I. 2005/3377; amended by S.I. 2007/3014; there are other amending instruments but none is relevant.
S.I. 2005/3378; amended by S.I. 2009/615, 2015/575, 2017/701; there are other amending instruments but none is relevant.
S.I. 2001/544; amended by S.I. 2006/3384, 2017/488.
S.I. 2005/3380; amended by S.I. 2007/814, 2007/3014; there are other amending instruments but none is relevant.
S.I. 2006/349; amended by S.I. 2007/3014; there are other amending instruments but none is relevant.
S.I. 2006/714, to which there are amendments not relevant to these Regulations.
S.I. 2010/772; amended by S.I. 2012/1257, 2013/3115, 2015/501, 2015/575, 2017/701; there are other amending instruments but none is relevant.
S.I. 2014/1711.
S.I. 2015/1677, to which there are amendments not relevant to these Regulations.
S.I. 2005/3381; amended by S.I. 2006/467, 2006/925, 2007/814, 2007/3014, 2009/598, 2016/200, 2018/1102.