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There are currently no known outstanding effects for the The Financial Assistance Scheme (Provision of Information and Administration of Payments) Regulations 2005, Section 3.
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3.—(1) Where the scheme manager has been notified in accordance with regulation 14 of the FAS Regulations that an occupational pension scheme may be a qualifying pension scheme, an appropriate person shall provide such information to the scheme manager as is necessary for [F1it] to determine whether the scheme is a qualifying pension scheme for the purposes of Part 3 of the FAS Regulations, within the period of 6 months beginning on the day on which the scheme manager requests that information or within such longer period as the scheme manager may determine.
(2) Where the scheme manager has determined whether or not an occupational pension scheme is a qualifying pension scheme, [F2it] shall, no later than 14 days after making that determination—
(a)notify the relevant appropriate person relating to that scheme, in writing, of that determination; and
(b)where the determination is that the scheme is not a qualifying pension scheme, notify that person in writing of the reasons for that determination.
(3) Where the scheme manager has determined that an occupational pension scheme is a qualifying pension scheme, the information to be provided to—
(a)the scheme manager; [F3or]
[F4(b)all potential beneficiaries,]
by an appropriate person shall be determined in accordance with the provisions of Schedule 1.
Textual Amendments
F1Word in reg. 3(1) substituted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 32(3)
F2Word in reg. 3(2) substituted (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 32(4)(a)
F3Word in reg. 3(3)(a) substituted (24.11.2005) by Financial Assistance Scheme (Modifications and Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3256), regs. 1(1), 6(3)(a)
F4Reg. 3(3)(b) substituted (24.11.2005) by Financial Assistance Scheme (Modifications and Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3256), regs. 1(1), 6(3)(b)
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