The Register of Occupational and Personal Pension Schemes Regulations 1990

Explanatory Note

(This note is not part of the Regulations)

These Regulations provide for the establishment of a register of occupational and personal pension schemes and for the appointment of the Occupational Pensions Board to be the registrar of such schemes. Regulations 2, 3 and 6, and regulation 1 in so far as it applies to those regulations, extend to Northern Ireland. Provision for Northern Ireland corresponding to other provisions of these Regulations will be contained in separate regulations to be made by the Department of Health and Social Services for Northern Ireland.

Regulation 1 provides for the citation and commencement of the Regulations and contains definitions.

Regulation 2 provides that the Occupational Pensions Board shall be the registrar and allows for the appointment of an agent to perform any of the functions of the registrar.

Regulation 3 requires the registrar to compile and maintain a register of occupational and personal pension schemes and specifies what information it shall contain.

Regulation 4 imposes a duty on the trustees of a scheme to supply information to the registrar and lays down the time limits within which it must be supplied. Provision is made by paragraph (3) for cases where it is not practicable to provide all of the required information at the time specified.

Regulation 5 requires notification to the Registrar of any changes in the information supplied under regulation 4.

Regulation 6 specifies the persons and bodies who may inspect the register or be provided with copies of extracts from it, and the circumstances in which that may be done.

Regulation 7 makes it an offence punishable by a fine for a person to breach these Regulations by failing, without reasonable cause, to provide information to the registrar.

These Regulations are made by virtue of, or are consequential upon, the coming into force of section 13 of the Social Security Act 1990 and are made before the end of the period of 6 months beginning with the commencement of that section and therefore, under section 61(5) of the Social Security Act 1986, no proposals to make them have been submitted to the Occupational Pensions Board or the Social Security Advisory Committee.