Part 1: Collective Money Purchase Benefits Powers to make further provision Section 47: Powers to extend definition of qualifying schemes
The Act currently restricts the definition of "qualifying schemes" to schemes established by one or more employers and intended to be used by a single employer or group of connected employers. This section permits regulations to disapply these requirements so that a scheme established by non-employers, or used by multiple employers, not all of whom are connected with one another, could be a qualifying scheme.
	Subsections (2) to (4) allow regulations to make further provision to facilitate non-employer established schemes where some or all of the employers are not connected. Subsection (2) sets out some of the purposes for which the regulation-making power can be used, including provisions relating to the authorisation regime of relevant schemes, triggering events and continuity options and administration charges.
	Subsection (3) allows regulations to apply the provisions set out in Part 1 of the Pensions Schemes Act 2017 to facilitate the provision of CMPB by schemes where some or all of the employers are not connected.
	Subsection (4) further specifies that regulations made under subsection (1) and (2) may also make provision which modifies or amends provisions in Part 1 of the Act, and consequential modifications or amendments to other enactments.