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1.—(1) These Regulations may be cited as the Occupational Pension Schemes (Auditors) Regulations 1987 and shall come into force on 27th July 1987.
(2) In these Regulations, unless the context otherwise requires—
“the Act” means the Social Security Pensions Act 1975;
“the Appointing Body”, in relation to any scheme, means the person or body designated in any document constituting the scheme as the person or body with the function of appointing the auditor of the scheme, or, where there is no such person or body, the trustees of the scheme;
“beneficiary”, in relation to any scheme, means a person, other than a member of the scheme, who is entitled to payment of benefits under the scheme;
“the Disclosure Regulations” means the Occupational Pension Schemes (Disclosure of Information) Regulations 1986(1);
“employer”, in relation to a member or prospective member of a scheme, bears the meaning assigned to it by regulation 2(4) and (5) of the Occupational Pension Schemes (Preservation of Benefit) Regulations 1984(2);
“funded”, in relation to benefits under a scheme, bears the meaning assigned to it by regulation 1(2) of the Disclosure Regulations;
“member” and “prospective member”, in relation to any scheme, bear the meaning respectively assigned to those expressions by regulation 2(2) and (3) of the Disclosure Regulations;
“scheme” means occupational pension scheme;
“scheme year”, in relation to any scheme, bears the meaning assigned to it by regulation 1(2) of the Disclosure Regulations;
“trustees”, in relation to a scheme which is not set up or established under a trust, means the managers of the scheme;
“unfunded scheme” means a scheme whose benefits are not funded;
and other expressions have the same meaning as in the Act.
(3) Except so far as the context otherwise requires, any reference—
(a)in these Regulations to a numbered regulation is to the regulation in these Regulations bearing that number;
(b)in a regulation to a numbered paragraph is to the paragraph of that regulation bearing that number.
S.I. 1986/1046, to which there are amendments not relevant to these Regulations.
S.I. 1984/614, to which there are amendments not relevant to these Regulations.
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