C3C4C2C1C6C5C10C9C8C7C11C14C12C13C15C18C16C17PART 1Master Trusts

Annotations:
Modifications etc. (not altering text)

Ongoing supervision of Master Trust schemes

I1I3I215Requirement to submit supervisory return

1

The Regulator may by notice in writing require the trustees of an authorised Master Trust scheme to submit a supervisory return.

2

The Department may make regulations setting out the information that the Regulator may require in a supervisory return.

3

The notice must specify—

a

the information required to be included in the return,

b

the manner and form in which the return must be submitted, and

c

the time period (of at least 28 days) within which the return must be submitted.

4

The trustees of an authorised Master Trust scheme may not be required to submit a supervisory return more than once in any 12 month period.

5

Article 10 of the 1995 Order (civil penalties) applies to a trustee who fails to submit a supervisory return when required to do so.

6

Regulations under this section are subject to negative resolution.