Moved by
Baroness Stedman-Scott
35: Clause 47, page 37, line 31, leave out subsection (2)
Member’s explanatory statement
This amendment and the Minister’s other amendments to Clause 47 are intended to make clear that regulations under the Clause may only be made in connection with collective money purchase schemes established by non-employers, or used by multiple employers not all of whom are connected with one another.
36: Clause 47, page 37, line 35, leave out “relevant schemes” and insert “collective money purchase schemes that could not be qualifying schemes, or sections of qualifying schemes, but for regulations under subsection (1) (“relevant schemes”)”
Member’s explanatory statement
See the explanatory statement for the Minister’s amendment at page 37, line 31.
37: Clause 47, page 37, line 36, after “of” insert “relevant”
Member’s explanatory statement
See the explanatory statement for the Minister’s amendment at page 37, line 31.
38: Clause 47, page 38, line 4, leave out subsection (5) and insert—
“(5) The provision that may be made under subsection (1) or (2) may be made by—
(a) modifying or amending this Part;
(b) making consequential modifications or amendments of any other enactment.”
Member’s explanatory statement
See the explanatory statement for the Minister’s amendment at page 37, line 31.