
1 
These Regulations may be cited as the Personal Pension Schemes (Provisional Approval) (Amendment) Regulations 1988 and shall come into force on 2nd September 1988.
2 
In these Regulations “the Principal Regulations” means the Personal Pension Schemes (Provisional Approval) Regulations 1987.
3 
In regulation 3 of the Principal Regulations—
(a) for “1st August 1989” there shall be substituted “1st February 1990”;
(b) after the first “and” there shall be inserted “, subject to regulation 3A,”; and
(c) in paragraph (a)(ii) the words from “and that no member” to “the assets of the scheme” shall be omitted.
4 
After regulation 3 of the Principal Regulations there shall be inserted—“
3A 
Where the scheme is established under a trust, the Board may grant approval of the scheme provisionally if the application is also accompanied by a written undertaking by the scheme administrator that provision is made so as to ensure that neither the capital nor the income of the trust fund is paid to a member of the scheme except by the provision of a benefit referred to in sections 633 to 637 of the Income and Corporation Taxes Act 1988.”.
A. J. G. Isaac
T. J. Painter
Two of the Commissioners of Inland Revenue
11th August 1988