UK Statutory Instrument SI 1996 United Kingdom

The Occupational Pension Schemes(Winding Up) Regulations 1996

Enforced by
TPR
Status
Amended (in force with amendments)
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Preliminary

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.001 Citation, commencement and interpretation
s.002 Commencement of winding up
Part 2

Preferential liabilities on winding up

1 of 6 sections shown
s.004 Calculation of the value or amount of scheme assets and liabilities Regulated
  • Actuary must calculate scheme liabilities on winding up using prescribed assumptions and provide compliance statementAny Person
5 other sections in this Part — procedural and definitional
s.003 Modifications of s. 73(3) for schemes beginning to be wound up before 6th April 2005
s.004 Calculation of liabilities where employer not insolvent
s.004 Calculation of liabilities where employer not insolvent and where winding up commences on or after 11th June 2003
s.004 Calculation of liabilities where winding up commences, and date of calculation falls, on or after 15 February 2005
s.005 Modification of schemes to fix time for settling priority of liabilities on winding up
Part 3

Discharge of liabilities by insurance

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.006 Arrangements for discharge of liabilities under s. 74
s.007 Requirements applicable to notices of discharge under regulation 6
s.008 Requirements to be satisfied by transferee schemes, annuities etc.
s.009 Relationship of these Regulations and requirements under s. 32A of the Pension Schemes Act 1993
Part 4

Power to defer winding up

0 of 2 sections shown
2 other sections in this Part — procedural and definitional
s.010 Disapplication of s. 38
s.011 Records and information
Part 5

Modifications affecting certain schemes

0 of 4 sections shown
4 other sections in this Part — procedural and definitional
s.012 Winding up of sectionalised schemes etc.
s.012 Schemes with partial government guarantee
s.012 Schemes covering United Kingdom and foreign employment
s.013 Hybrid schemes

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.