Citation, commencement and interpretation

1. —(1) These Regulations may be cited as the Occupational Pension Schemes (Levies) (Amendment) Regulations 2007.

(2) This regulation and regulation 4 shall come into force on 30th March 2007.

(3)Regulations 2, 3 and 5 shall come into force on 1st April 2007.

(4) In these Regulations “ the Levies Regulations ” means the Occupational Pension Schemes (Levies) Regulations 2005 .

Removal of references to the PPF Ombudsman levy

2. —(1) The Levies Regulations are amended in accordance with this regulation (see also regulations 3 and 4 which make further amendments).

(2) In regulation 2 (interpretation), omit the definition of “the PPF Ombudsman levy”.

(3) For the heading to Part 2 substitute “ ADMINISTRATION LEVY ” .

(4) Omit regulation 3 (meaning of “the levies” in Part 2).

(5) In regulation 4 (liability for the levies)—

(a) for the heading substitute “ Liability for the administration levy ” ;

(b) omit paragraph (2);

(c) in paragraph (3), for “Subject to paragraph (4), the levies are” substitute “ The administration levy is ” ;

(d) omit paragraph (4) ;

(e) in paragraph (5), for “The levies in respect of a financial year are” substitute “ The administration levy in respect of a financial year is ” ; and

(f) in paragraph (6), for “the levies are” substitute “ the administration levy is ” .

(6) In regulation 5(1) (the reference day), for “each of the levies” substitute “ the administration levy ” .

(7) In regulation 7(2) (schemes eligible for only part of the financial year), for “each of the levies” substitute “ the administration levy ” .

(8) In regulation 13(1) (meaning of “the levies” in Part 4), omit “, the PPF Ombudsman levy”.

(9) In regulation 18(4) (avoidance of double liability: schemes in Northern Ireland), omit sub-paragraph (b).

The administration levy

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Waiver of the administration levy

4. After regulation 7 of the Levies Regulations (schemes eligible for only part of the financial year) insert—

“ Waiver of the administration levy

7A. —(1) This regulation applies to an eligible scheme if, in respect of a financial year—

(a) any amount payable by way of any pension protection levy in respect of the scheme is waived under regulations made under section 181(8)(b) of the 2004 Act; and

(b) the scheme is not a scheme which is authorised under section 153 of the 2004 Act to continue as a closed scheme.

(2) In respect of the same financial year, any amount payable by way of the administration levy in respect of the scheme is also waived. ” .

Revocations

5. Paragraphs (2), (4) and (8)(a) of regulation 2 of the Occupational Pension Schemes (Levies) (Amendment) Regulations 2006 (amendment of the Levies Regulations) are revoked.