Part 1: Collective Money Purchase Benefits Definitions Section 5: Schemes divided into sections
Subsection (1) provides for regulations to specify when a qualifying scheme offering CMPBs is to be classed as being divided into sections.
	Subsection (2) allows regulations to provide that authorised status may apply to newly created sections within a previously authorised qualifying scheme where these sections satisfy certain conditions.
	Subsection (3) provides that each section of a qualifying scheme which is divided into separate sections and which provides CMPBs is treated as a separate scheme, but that the overall ‘umbrella’ scheme is not treated as a collective money purchase scheme.