45E+W+SIn section 50 (powers to approve arrangements for scheme ceasing to be certified)—
(a)in subsection (1)(a)—
(i)at the end of sub-paragraph (i) there is inserted “ or accrued rights to pensions under the scheme attributable to their service on or after the principal appointed day ”, and
(ii)in sub-paragraph (ii), for “guaranteed minimum pensions under the scheme” there is substituted “ such pensions ”,
(b)after subsection (1) there is inserted—
“(1A)The power of the Secretary of State to approve arrangements under this section—
(a)includes power to approve arrangements subject to conditions, and
(b)may be exercised either generally or in relation to a particular scheme.
(1B)Arrangements may not be approved under this section unless any prescribed conditions are met”, and
(c)subsection (7) is omitted.
Commencement Information
I1Sch. 5 para. 45 in force at 6.4.1997 in so far as not already in force by S.I. 1997/664, art. 2(3), Sch. Pt. 3 (with art. 4(1))
I2Sch. 5 para. 45(b) in force at 6.4.1996 for specified purposes by S.I. 1996/778, art. 2(5)(a), Sch. Pt. V