49A.—(1) Except in so far as regulations otherwise provide, the trustees or managers of an occupational pension scheme shall keep written records of—
(a)any determination for the winding-up of the scheme in accordance with its rules,
(b)decisions as to the time from which steps for the purposes of the winding-up of the scheme are to be taken,
(c)determinations under Article 38,
(d)determinations in accordance with the rules of the scheme to postpone the commencement of a winding-up of the scheme.
(2) For the purpose of this Article—
(a)the determinations and decisions of which written records must be kept under this Article include determinations and decisions by persons who—
(i)are not trustees or managers of a scheme, but
(ii)are entitled, in accordance with the rules of a scheme, to make a determination for its winding-up, and
(b)regulations may, in relation to such determinations or decisions as are mentioned in sub-paragraph (a), impose obligations to keep written records on the persons making the determinations or decisions (as well as, or instead of, on the trustees or managers).
(3) Regulations may provide for the form and content of any records that are required to be kept under this Article.
Para. (4) rep. by 2005 NI 1
(5) Article 10 applies to any trustee or manager of a scheme who fails to take all such steps as are reasonable to secure compliance by the trustees or managers of that scheme with those obligations.]