Moved by
Baroness Stedman-Scott
39: Clause 98, page 77, line 25, leave out subsection (2)
Member’s explanatory statement
This amendment and the Minister’s other amendments to Clause 98 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.
40: Clause 98, page 77, line 28, 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 77, line 25.
41: Clause 98, page 77, line 30, after “of” insert “relevant”
Member’s explanatory statement
See the explanatory statement for the Minister’s amendment at page 77, line 25.
42: Clause 98, page 77, line 42, 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 statutory provision.”
Member’s explanatory statement
See the explanatory statement for the Minister’s amendment at page 77, line 25.