Statutory Instrument 1996 No. 3126

The Occupational Pension Schemes(Winding Up) Regulations 1996

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

1996 No. 3126

PENSIONS

The Occupational Pension Schemes(Winding Up) Regulations 1996

Made	11th December 1996

Laid before Parliament

18th December 1996

Coming into force

6th April 1997

ARRANGEMENT OF REGULATIONS

Preliminary
1.	Citation, commencement and interpretation.
2.	Commencement of winding up.
Preferential liabilities on winding up
3.	Modification of s. 73(3).
4.	Calculation of amounts of liabilities.
5.	Modification of schemes to fix time for settling priority for liabilities on winding up.
Discharge of liabilities by insurance etc.
6.	Arrangements for discharge of liabilities under s. 74.
7.	Requirements applicable to notices of discharge under regulation 6.
8.	Requirements to be satisfied by transferee schemes, annuities etc.
9.	Relationship of these Regulations and requirements under s. 32A of the Pension Schemes Act 1993.
Power to defer winding up
10.	Disapplication of s. 38.
11.	Records and information.
Modifications affecting certain schemes
12.	Winding up of sectionalised schemes etc.
13.	Hybrid schemes.

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