PART 1

Master Trusts

Authorisation: applications etc

Application for authorisation
4
1
The trustees of a Master Trust scheme may apply to the Regulator for authorisation.
2
The application must include the following—
a
the scheme’s latest accounts;
b
the latest accounts of each scheme funder;
c
the scheme’s business plan (see section 9);
d
the scheme’s continuity strategy (see section 12).
3
In considering an application, the Regulator may take into account any matters it considers appropriate, including—
a
additional information provided by the applicant, and
b
subsequent changes to the application or to any information provided by the applicant.
4
The application must be made in the manner and form specified by the Regulator.
5
The Department may make regulations setting out—
a
other information to be included in an application, and
b
the application fee payable to the Regulator.
6
Regulations under this section are subject to negative resolution.