This document establishes the specific regulatory framework governing the application of the rule against perpetuities to personal and occupational pension schemes within the United Kingdom. The text serves as a formal statutory instrument, providing the legal definitions and procedural requirements necessary for pension schemes to comply with established property and trust laws as they existed in 1990. It functions as a technical directive for legal practitioners and pension administrators to ensure the validity of trust structures.

Legal professionals and pension administrators utilize this instrument as a foundational reference for historical compliance and trust law interpretation. Readers frequently note the dense, technical nature of the prose, which is characteristic of formal legislative drafting.