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(This note is not part of the Regulations)
These Regulations amend the Pensions Regulator (Notifiable Events) Regulations (Northern Ireland) 2005 (“the Notifiable Events Regulations”) and the Pensions Regulator (Financial Support Directions, etc.) Regulations (Northern Ireland) 2005 (“the Financial Support Directions Regulations”).
Regulation 1 provides for citation and commencement.
Regulation 2 amends the Notifiable Events Regulations by omitting certain provisions of regulation 2 of those Regulations which concern the reporting of certain scheme and employer-related events to the Pensions Regulator.
Regulation 3 amends the Financial Support Directions Regulations by substituting regulation 5 of those Regulations with a new provision which specifies the period within which the Pensions Regulator may determine to issue a financial support direction under Article 39(2) of the Pensions (Northern Ireland) Order 2005 (“the Order”).
As these Regulations make in relation to Northern Ireland only provision corresponding to provision contained in regulations made by the Secretary of State for Work and Pensions in relation to Great Britain, the requirement to consult under Article 289(1) of the Order does not apply by virtue of paragraph (2)(e) of that Article.
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