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The Occupational Pension Schemes (Member-nominated Trustees and Directors) Regulations (Northern Ireland) 1996

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Particulars of rules or arrangements proposed

5.—(1) The notice must specify the appropriate rules or, as the case may be, alternative arrangements proposed.

(2) A notice relating to appropriate rules for the purposes of Article 16 or 18 must include particulars as to—

(a)whether any and, if so, what conditions are proposed for eligibility for nomination;

(b)the number of members of the scheme proposed to be required to make a nomination;

(c)in cases where a vacancy is not filled because insufficient nominations are received, the period proposed as the next period in which persons may be nominated and selected, and

(d)the procedure proposed for selection where the number of persons nominated to fill vacancies exceeds the number of vacancies.

(3) A notice relating to alternative arrangements proposed under Article 17(1) or 19(1) must include particulars as to—

(a)the number proposed as the total number of trustees for the scheme or, as the case may be, directors for the company;

(b)the procedure proposed to be adopted for the selection of trustees or, as the case may be, directors;

(c)the period proposed as their period of office;

(d)if it is proposed that the functions of any trustees or directors should differ from those of other trustees or, as the case may be, directors, the differences in those functions and, in the case of arrangements proposed under Article 19(1), whether any special rules for decisions to be made by particular directors are proposed and, if so, what they are;

(e)in the case of alternative arrangements proposed under Article 17(1), whether it is proposed that, if at the time the arrangements come into force the trustees of the scheme include member-nominated trustees, they should continue or cease to be trustees and, if they are to cease, the time when they are to do so, and

(f)in the case of alternative arrangements proposed under Article 19(1), whether it is proposed that, if at the time the arrangements come into force the directors of the company include member-nominated directors, they should continue or cease to be directors and, if they are to cease, the time when they are to do so.

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