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These Regulations may be cited as the Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations (Northern Ireland) 2007 and shall come into operation on 6th April 2007.
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The Schedule shall have effect.
Sealed with the Official Seal of the Department for Social Development on 6th February 2007
(L.S.)John O’Neill
A senior officer of the Department for Social Development

SCHEDULE
Regulation 2
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In the Occupational Pension Schemes (Deficiency on Winding Up, etc.) Regulations (Northern Ireland) 1996—
(a) in regulation 2 (interpretation)—
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(ii) for paragraph (5) substitute—“
(5) In these Regulations references to the guidance in GN 19 are to the guidelines on winding up and scheme asset deficiency (GN 19), adopted or prepared, and from time to time revised, by the Board for Actuarial Standards and approved for the purposes of these Regulations by the Department, with such revisions as have been so approved at the applicable time.”, and
(b) in Schedule 1 (form of actuary’s certificate) after “(GN 19)” insert “adopted or prepared, and from time to time revised by the Board for Actuarial Standards”.
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In the Occupational Pension Schemes (Modification of Schemes) Regulations (Northern Ireland) 2006—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) for regulation 5(2)(b) (calculation of the actuarial value of affected member’s subsisting rights) substitute—“
(b) shall ensure that the calculation of the actuarial value of an affected member’s subsisting rights is made in accordance with any guidance that is adopted or prepared, and from time to time revised, by the Board for Actuarial Standards which is current on the date that the actuarial equivalence statement is obtained by the trustees;”.