These Regulations revoke and re-enact the Occupational Pension Schemes (Master Trusts) (No.2) Regulations (Northern Ireland) 2022 (“the Master Trusts Regulations”) which would otherwise cease to have effect by virtue of section 42(2)(b) of the Pension Schemes Act (Northern Ireland) 2021 (“the Act”). Like the Master Trusts Regulations, the Regulations implement the new authorisation and supervisory regime for Master Trust pension schemes under the provisions of the Act.
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