Responsibilities and liabilities of sub-scheme administrators
3.—(1) The sub-scheme administrator of a sub-scheme shall assume the liabilities and responsibilities set out in Schedule 3 to these Regulations in relation to that scheme.
(2) In the provisions referred to in that Schedule any reference to the scheme administrator shall be read as a reference to the sub-scheme administrator.
(3) The split scheme administrator shall cease to have responsibility or liability in relation to the matters referred to in paragraph (1) in respect of the sub-scheme.
(4) The provisions of section 270(2) and (3) (meaning of “scheme administrator”) apply to the sub-scheme administrator and the references to the scheme administrator in those subsections shall be read as references to the sub-scheme administrator).
(5) Section 272 (trustees etc. liable as scheme administrator) applies to sub-scheme administrators with the following modifications—
(a)in subsection (1)“ for “registered pension scheme”; substitute “sub-scheme”;
(b)in subsections (1)(a) to (c), (2)(a) and (b) for “scheme administrator” (in each place) substitute “sub-scheme administrator”;
(c)in subsections (1)(a) to (c) and (2), (3) and (5) for “pension scheme” (in each place) substitute “sub-scheme”;
(d)in subsection (2)—
(i)in paragraph (a) after “by virtue of this Part” insert “as applied by regulation 3 of the Registered Pensions (Splitting of Schemes) Regulations 2006”; and
(ii)in paragraph (b) after “by or under this Part.” insert “as applied by the Registered Pensions (Splitting of Schemes) Regulations 2006”; and
(e)in subsection (4) for “pension scheme” substitute “sub-scheme”.
(6) Section 273 (members liable as scheme administrator) applies to members of a sub-scheme with the following modifications—
(a)in subsection (1) for “registered pension scheme” substitute “sub-scheme”;
(b)in subsections (1)(a) and (b) for “pension scheme” substitute “sub-scheme”;
(c)in subsection (1)(a) after “(trustees, etc.)” add “(as modified by regulation 3 of the Registered Pensions (Splitting of Schemes) Regulations 2006)”;
(d)in subsection (1)(b) omit the words “or section 242 (de-registration charge)”;
(e)in subsections (2) and (4) for “pension scheme” substitute “sub-scheme”;
(f)in subsection (5)(a) for “the pension scheme” substitute “the split scheme”;
(g)in subsections (5)(b) and (d) for “the pension scheme” substitute “the sub-scheme”;
(h)in subsection (5)(c) after the words “that the pension scheme was” add “part of”;
(i)in subsection (10) for “the pension scheme” substitute “the sub-scheme”.
(7) Section 274(2) (supplementary) applies to sub-scheme administrators with the following modifications—
(a)for “scheme administrator” substitute “sub-scheme administrator”; and
(b)for “registered pension scheme” substitute “sub-scheme”.