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70.—(1) Paragraph 1 of Schedule 1 (application of statutory provisions relating to occupational trust schemes to certain stakeholder schemes) is amended as follows.
(2) In sub-paragraph (2), in paragraph (b)—
(a)in sub-paragraph (i) for the words from “except” to the end substitute “except Articles 7(5A)(b), 8(1)(a) and (c) and (2), 11(3A) and (3B) and 15(1)”;
(b)in sub-paragraph (ii) for “31” substitute “30”;
(c)in sub-paragraph (iii) omit the words from “except” to the end;
(d)for sub-paragraph (v) substitute—
“(v)Article 47 (professional advisers);”; and
(e)in sub-paragraph (vii) for “Article 50” substitute “Articles 50 to 50B”.
(3) After that paragraph insert
“; and
the following provisions of the Pensions (Northern Ireland) Order 2005—
Article 2 (interpretation);
Article 62 (accessibility of register of prohibited trustees);
Chapters 4 and 5 of Part III (fraud compensation and information gathering); and
Articles 224 to 226 (requirements for knowledge and understanding).”.
(4) In sub-paragraph (5), after “Pensions Order” insert “, and Article 2(2) of the Pensions (Northern Ireland) Order 2005,”.
(5) After sub-paragraph (5) add—
“(6) Chapters 4 and 5 of Part III of the Pensions (Northern Ireland) Order 2005 (as so applied) shall have effect with such modifications as the Department may prescribe by regulations.”.
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