Pensions Citation, commencement and interpretation 1 1 These Regulations may be cited as the Pensions (Institute and Faculty of Actuaries and Consultation by Employers) (Amendment) Regulations (Northern Ireland) 2012 and shall come into operation on 6th April 2012. 2 The Interpretation Act (Northern Ireland) 1954 shall apply to these Regulations as it applies to an Act of the Assembly. Amendments to the consultation by employers requirements 2 1 The Occupational and Personal Pension Schemes (Consultation by Employers) Regulations (Northern Ireland) 2006 are amended in accordance with paragraphs (2) and (3). 2 In regulation 6 (consultation required before decisions to make listed changes affecting schemes) for paragraph (4) substitute— 4 The first case is where the active or prospective members of the scheme to whom— a a listed change mentioned in regulation 8(1)(h) relates were notified before 6th April 2012 of the proposal to make that change, or b any other listed change relates were notified before 6th April 2006 of the proposal to make that change. . 3 In regulation 8(1) (listed changes: occupational pension schemes) after sub-paragraph (g) add— h to change the rate at which— i pensions in payment under the scheme are increased, or ii pensions or other benefits payable under the scheme are revalued, but only where that change would be, or would be likely to be, less generous to members or members of a particular description. . Amendments to refer to the Institute and Faculty of Actuaries 3 In regulation 12(5)(b) of the Occupational Pension Schemes (Preservation of Benefit) Regulations (Northern Ireland) 1991 (transfer of member’s accrued rights without consent) for “Institute of Actuaries, a Fellow of the Faculty of Actuaries,” substitute “Institute and Faculty of Actuaries ”. 4 In the Occupational Pension Schemes (Deficiency on Winding Up, etc. ) Regulations (Northern Ireland) 1996 in— a regulation 2(6) (interpretation), and b paragraph 2 of the certificate set out in Schedule 1 (form of actuary’s certificate), for “prepared and published by the Institute of Actuaries and the Faculty of Actuaries” substitute “published by the Institute and Faculty of Actuaries”. 5 In regulation 1(2) of the Occupational Pension Schemes (Transfer Values) Regulations (Northern Ireland) 1996 (interpretation) in the definition of “actuary” in paragraph (b) for sub-paragraphs (i) and (ii) substitute— i a Fellow of the Institute and Faculty of Actuaries; or . 6 In regulation 4(1)(b) of the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997 (qualifications and experience or approval required for appointment as auditor or actuary) for heads (i) and (ii) substitute— i Fellowship of the Institute and Faculty of Actuaries; or . 7 In regulation 1(2) of the Occupational Pension Schemes (Discharge of Liability) Regulations (Northern Ireland) 1997 (interpretation) omit the definition of “actuary”. 8 In regulation 10(8) of the Pension Sharing (Pension Credit Benefit) Regulations (Northern Ireland) 2000 (transfer of a person’s pension credit rights without consent) in the definition of “relevant actuary” in paragraph (b) for “Institute of Actuaries, a Fellow of the Faculty of Actuaries,” substitute “Institute and Faculty of Actuaries”. 9 In regulation 2 of the Pensions Regulator (Freezing Orders and Consequential Amendments) Regulations (Northern Ireland) 2005 (meaning of “the actuary”)— a for “qualifications” substitute “qualification”; b for the words from “are—” to the end substitute “is Fellowship of the Institute and Faculty of Actuaries.”. 10 In regulation 10 of the Pension Protection Fund (Valuation) Regulations (Northern Ireland) 2005 (prescribed qualifications for the purposes of Article 127 and Article 162 of the Order) for the words from “qualifications is” to the end substitute “qualifications is a Fellow of the Institute and Faculty of Actuaries.”. 11 In regulation 1(2) of the Occupational Pension Schemes (Early Leavers: Cash Transfer Sums and Contribution Refunds) Regulations (Northern Ireland) 2006 (interpretation) in the definition of “actuary” in paragraph (b) for sub-paragraphs (i) and (ii) substitute— i a Fellow of the Institute and Faculty of Actuaries, or . 12 In regulation 4 of the Occupational Pension Schemes (Modification of Schemes) Regulations (Northern Ireland) 2006 (qualifications or experience required for a person providing an actuarial equivalence statement) for the words from “experience is” to the end substitute “experience is a Fellow of the Institute and Faculty of Actuaries.”. 13 In regulation 6(b) of the Occupational Pension Schemes (Payments to Employer) Regulations (Northern Ireland) 2006 (prescribed persons for the purposes of Article 37(3)(a)) for the words from “that Article” to the end substitute “that Article, a Fellow of the Institute and Faculty of Actuaries.”. 14 In regulation 5 of the Pension Protection Fund (Closed Schemes) Regulations (Northern Ireland) 2007 (prescribed qualifications for the purposes of Article 140) for the words from “qualifications is” to the end substitute “qualifications is a Fellow of the Institute and Faculty of Actuaries.”. Sealed with the Official Seal of the Department for Social Development on 12th March 2012 (L.S.) Anne McCleary A senior officer of the Department for Social Development