C2C1C3C4C5Part 1Master Trusts
Pt. 1 excluded (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 26
Pt. 1 modified (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 28(2)
Pt. 1 modified (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 28(3)(4)(a)(b)
Pt. 1: power to disapply conferred (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 47(3)(b), 131(1)(3)(a); S.I. 2022/721, reg. 3(a)
Authorisation: applications etc
I1I2C2C1C3C44C2C1C3C4Application for authorisation
1
The trustees of a Master Trust scheme may apply to the Pensions Regulator for authorisation.
2
The application must include the following—
a
the scheme's latest accounts;
b
the latest accounts of each scheme funder;
c
the scheme's business plan (see section 9);
d
the scheme's continuity strategy (see section 12).
3
In considering an application, the Pensions Regulator may take into account any matters it considers appropriate, including—
a
additional information provided by the applicant, and
b
subsequent changes to the application or to any information provided by the applicant.
4
The application must be made in the manner and form specified by the Pensions Regulator.
5
The Secretary of State may make regulations setting out—
a
other information to be included in an application, and
b
the application fee payable to the Pensions Regulator.
6
Regulations under this section are subject to negative resolution procedure.
Pt. 1 excluded (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 27