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Statutory Instruments

2011 No. 673

Pensions

The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011

Made

5th March 2011

Laid before Parliament

10th March 2011

Coming into force

6th April 2011

M1 The Secretary of State for Work and Pensions makes the following Regulations in exercise of the powers conferred by sections 77 and 144(2) and (4) of the Pensions Act 2008 .

Citation, commencement and interpretation

1. —(1) These Regulations may be cited as the Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011 and shall come into force on 6th April 2011.

(2) In these Regulations—

M2 “ the corporation ” means the National Employment Savings Trust Corporation established under section 75(1) of the Pensions Act 2008 .

The Application of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996

F12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of the Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996

F13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application of the Occupational Pension Schemes (Investment) Regulations 2005

M34.The Occupational Pension Schemes (Investment) Regulations 2005 apply in relation to the corporation as if for paragraph (2) of regulation 5 there was substituted—

“ (2) Paragraph (1) does not preclude borrowing made by the National Employment Savings Trust Corporation for the purpose of—

(a) providing liquidity for a pension scheme established under section 67 of the Pensions Act 2008 and on a temporary basis; or

(b) meeting costs of establishing, administering or managing that pension scheme,

or for both of those purposes. ” .

Signed by authority of the Secretary of State for Work and Pensions.

Steve Webb

Minister of State,

Department for Work and Pensions

5th March 2011

Status: There are currently no known outstanding effects for the The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011.
The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011 (2011/673)

Displaying information

Status of this instrument

footnotecommentarytransitional and savingsin force statusrelated provisionsgeo extentinsert/omitsource countin force adj
F1Reg. 3 omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) , reg. 1(1) , Sch. 9 para. 17omitted
F1Reg. 3 omitted (6.4.2014) by virtue of The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (S.I. 2013/2734) , reg. 1(1) , Sch. 9 para. 17omitted
M12008 c.30 .
M2The corporation was so named by S.I. 2010/3 . Under section 76(1) of the Pensions Act 2008, the corporation has the function of acting as a trustee of a scheme established under section 67 of the Act.
M3S.I. 2005/3378 .
Defined TermSection/ArticleIDScope of Application
the corporationreg. 1.legTermSCR3zb6p
This instrument is derived from the version at www.legislation.gov.uk. To see a list of all amendments (including any to be made) check the resources page for this instrument on their website. Note, the status of this instrument is given above.
This instrument is derived from the version at www.legislation.gov.uk. To see original commencement information, check the resources page associated with this instrument. n.b. commencement information for marked amendments is embedded in the relevant footnote.

Status of changes to instrument text

The list includes made instruments, both those in force and those yet to come into force. Typically, instruments that are not yet in force (hence their changes are not incorporated into the text above) are indicated by description 'not yet' in the changes made column.