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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2023
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- Northern Ireland Statutory Rules
- 2023 No. 7
- PART 3
- Regulation 8
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Fit and proper persons requirement
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8.—(1) Schedule 1 sets out the matters that the Regulator must take into account in assessing, for the purposes of section 62 of the 2021 Act (fit and proper persons requirement), whether a person is fit and proper to act in a capacity mentioned in section 62(2) of the 2021Act.
(2) For the purposes of section 62(2)(e) of the 2021 Act, where a person in a capacity mentioned in paragraphs (a) to (d) of section 62(2) is a body corporate, the Regulator must assess whether each individual performing the functions of that person in relation to the scheme, in the exercise of a management or executive role, is a fit and proper person to act in relation to the scheme in that capacity.
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