These Regulations provide that where a pension scheme requires the approval or continuing approval of the Inland Revenue or HMRC, such requirement is to be disregarded during the “transitional period”. The transitional period is the period beginning with 6 April 2006 and ending in accordance with the Finance Act 2004, that is on the earlier of the first date after 5 April 2006 on which regulations amending the rules of a pension scheme take effect, or the end of the tax year 2010-11, or such later time as may be prescribed by regulations.