THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Article 9 of the Financial Services Ombudsman (Jersey) Law 2014[1], orders as follows –

“(2)    Business is relevant occupational pension business if –

(a)     the business is relevant pension business in relation to an occupational pension scheme; and

(b)     both of the conditions in paragraph (3) are met.

(3)     The conditions are –

(a)     that the occupational pension scheme relates to persons who are or have been employees of the person (the ‘employer’) who carries on the business; and

(b)     that the employer does not carry on any other relevant pension business.

(4)     A pension scheme is an occupational pension scheme if –

(a)     it is an occupational pension scheme approved under Article 131 or 131A of the Income Tax (Jersey) Law 1961[3];

(b)     it otherwise has effect so as to provide benefits primarily to or in respect of persons who are or have been employees; or

(c)     it is held out by the employer as being, or as capable of being, a pension scheme that falls within sub-paragraph (a) or (b).”.