The Occupational Pension Schemes (Transitional Provisions) Regulations 1988
These Regulations provide for the disapplication and modification of provisions contained in Schedule 23 to the Income and Corporation Taxes Act 1988 (“the Schedule”) (occupational pension schemes approved before 23rd July 1987) in the circumstances prescribed in them; authorise the Commissioners of Inland Revenue (“the Board”) to direct that the Schedule or any provision of it shall not apply in any particular case where in the opinion of the Board the facts are such that its application would not be appropriate; and provide that the Regulations shall take effect as from 17th March 1987 and that any direction given under them shall take effect as from that date or any later date.