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

• Citation: S.I. 2011/673
• Sections: 4

Section 1 Citation, commencement and interpretation

(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—

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

Section 2 The Application of the Occupational Pension Schemes (Disclosure of Information) Regulations 1996

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Section 3 Application of the Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996

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Section 4 Application of the Occupational Pension Schemes (Investment) Regulations 2005

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.