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The Occupational and Personal Pension Schemes (Levy) Regulations (Northern Ireland) 1997

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Amount of the compensation levy

6.—(1) The amount of the compensation levy payable in respect of each registration year shall be determined by reference to the total membership of a scheme.

(2) The amount of the compensation levy payable per member in respect of each registration year shall not exceed the amount specified in Part III of the Schedule.

(3) The Compensation Board shall secure that arrangements are made and implemented for giving notice in writing to the trustees of schemes to which regulation 5(1) applies of the amount of the compensation levy payable per member and that reasonable steps are taken to ascertain the address to which such notice should be sent.

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