The Retirement Benefits Schemes (Continuation of Rights of Members of Approved Schemes) (Amendment) Regulations 1999
Part II of Schedule 6 to the Finance Act 1989 (“the Schedule”) modifies the rules of retirement benefit schemes approved by the Commissioners of Inland Revenue (“the Board”) before 27th July 1989. The Schedule contains powers enabling the Board, by regulations, to provide that, in circumstances prescribed in the regulations, the Schedule or any provision of it shall not apply or shall apply with such modifications as may be so prescribed. Those powers were exercised in the Retirement Benefits Schemes (Continuation of Rights of Members of Approved Schemes) Regulations 1990 (S.I. 1990/2101) (“the principal Regulations”), which have been amended by S.I. 1993/3220, 1996/3114 and 3233.