Statutory Instrument 1996 No. 1216

      The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 1996

      © Crown Copyright 1996

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STATUTORY INSTRUMENTS

1996 No. 1216

PENSIONS

The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations 1996

Made 2nd May 1996
Laid before Parliament 10th May 1996
Coming into force in accordance with regulation 1(2) 1996


ARRANGEMENT OF REGULATIONS

PART I
GENERAL PROVISIONS
Preliminary
1.  Citation and commencement.
2.  General interpretation.
3.  Scheme membership.
Application of sections 16 and 18
4.  Exceptions from member-nominated trustee requirements.
5.  Extension of section 18.
6.  Exceptions from member-nominated director requirements.
PART II
MEMBER-NOMINATED TRUSTEES
Section 16 arrangements and rules
7.  Implementation of requirements as to member-nominated trustees: general.
8.  Appropriate rules as to the selection and eligibility of member-nominated trustees.
Proposals by employers for alternative arrangements
9.  Proposals by the employer for alternative arrangements under section 17.
10.  Time limits for making alternative arrangements under section 17.
Power of trustees to modify schemes by resolution
11.  Modification of schemes affected by requirements.
Cessation of application of requirements
12.  Cessation of application of requirements.
PART III
MEMBER-NOMINATED DIRECTORS
Section 18 arrangements and rules
13.  Implementation of requirements as to member-nominated directors: general.
14.  Appropriate rules as to the selection and eligibility of member-nominated directors.
Proposals by employers for alternative arrangements
15.  Proposals by the employer for alternative arrangements under section 19.
16.  Time limits for making alternative arrangements under section 19.
Cessation of application of requirements
17.  Cessation of application of requirements.
Aggregation of schemes
18.  Aggregation of linked schemes.
PART IV
GENERAL AND SUPPLEMENTARY PROVISIONS
Modifications for special cases
19.  Modifications.
General provisions about rules and arrangements
20.  Cessation of approval of appropriate rules and alternative arrangements.
21.  Appropriate rules in cases where insufficient nominations are received.
Miscellaneous and Supplementary
22.  Records.
23.  Notices.
24.  Transitional provisions.
SCHEDULE 1  The statutory consultation procedure.
SCHEDULE 2  The prescribed appropriate rules.
SCHEDULE 3  Modifications of Pensions Act 1995 and these regulations.
SCHEDULE 4  Transitional provisions.

 

Explanatory Note


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