Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019


Amendment of section 770 of Act of 1997

38. Section 770(1) of the Act of 1997 is amended—

(a) in the definition of “administrator”, by the insertion of “or in the United Kingdom” after “European Communities”, and

(b) by the substitution of the following definition for the definition of “overseas pension scheme”:

“ ‘overseas pension scheme’ means a retirement benefits scheme, other than a state social security scheme, which—

(a) is operated or managed by an institution for occupational retirement provision as defined by Article 6(1) of Directive (EU) 2016/2341 of the European Parliament and of the Council of 14 December 20168 (in this definition referred to as ‘the Directive’) and is established in a Member State of the European Union, other than the State, which has given effect to the Directive in its national law, or

(b) is established in the United Kingdom and is subject to supervisory and regulatory arrangements at least equivalent to those applied under the Directive;”.