
2007 No. 64
PENSIONS
The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations (Northern Ireland) 2007
Made 6th February 2007
Coming into operation 6th April 2007
The Department for Social Development makes the following Regulations in exercise of the powers conferred by sections 8A(4) and (5), 23(3), 93(1) and (2), 97AF(1) and (2), 97I, 97L(1), 109(1) and (3A), 177(2) to (4) and 178 of the Pension Schemes (Northern Ireland) Act 1993, Articles 67D(4) and (5), 75(5), 116 and 166(1) to (3) of the Pensions (Northern Ireland) Order 1995, Articles 21(1)(b) and (c) and (2) and 27(2) of, and paragraphs 5(b), 7(3) and 13 of Schedule 5 to, the Welfare Reform and Pensions (Northern Ireland) Order 1999, and now vested in it, and Article 209(2) and (3) of the Pensions (Northern Ireland) Order 2005.
Citation and commencement
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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.
Amendment of Regulations
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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
Amendment of Regulations
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;”.