http://www.legislation.gov.uk/nisr/2015/309/section/27The Occupational Pension Schemes (Charges and Governance) Regulations (Northern Ireland) 2015texttext/xmlenStatute Law DatabasePENSIONS2024-05-15Expert Participation2024-03-30 These Regulations impose obligations on trustees and managers of certain occupational pension schemes in relation to charges imposed by and governance of those schemes. They are the first regulations to be made under Schedule 18 to the Pensions Act (Northern Ireland) 2015 (“the 2015 Act”). PART 4271Where in any of the circumstances of non-compliance in paragraph (2)—athe Regulator is of the opinion that the non-compliance is or was, wholly or partly, a result of a failure of another person (“the third party”), andbthat failure is not in itself a contravention of Part 2,the Regulator may issue to the third party a third party compliance notice.2The circumstances mentioned in paragraph (1) are—areceipt of an indication pursuant to regulation 3(1)(i) of the Register of Occupational and Personal Pension Schemes Regulations (Northern Ireland) 2005 (registrable information) that the person has not complied with Part 2;breceipt of an indication that the person is unable to confirm whether they are complying or will be able to comply with Part 2, orcif the Regulator is of the opinion that the person is not complying with, or has not complied with, Part 2.3A third party compliance notice is a notice directing the third party to take, or refrain from taking, the steps specified in the notice.4The steps mentioned in paragraph (3) may be any steps that the Regulator reasonably requires with a view to remedying and, where appropriate, preventing a recurrence of the failure mentioned in paragraph (1).5A third party compliance notice may, in particular—astate the period within which any step must be taken or must cease to be taken;brequire the third party to provide within a specified period specified information relating to the failure;crequire the third party to inform the Regulator, within a specified period, how the third party has complied with or is complying with the notice;dstate that, if the Regulator is of the opinion that the third party has failed to comply with the requirements of the notice, the Regulator may issue a penalty notice under regulation 28(1)(a);egive the third party a choice between different ways of remedying or preventing the recurrence of the failure.6A third party compliance notice must state—awhich of the circumstances of non-compliance in paragraph (2) applies;bthe matters which the Regulator believes constitute the failure by the third party, andcif the circumstance in paragraph (2)(c) applies, in addition to the matters mentioned in sub-paragraphs (a) and (b)—iwhich provision of Part 2 the Regulator believes was not, or is not being, complied with, andiithe evidence on which the Regulator's belief is based.Words in reg. 27(1)(a) substituted (6.4.2016) by The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations (Northern Ireland) 2016 (S.R. 2016/171), regs. 1, 7(2)Words in reg. 27(2)(a) substituted (6.4.2016) by The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations (Northern Ireland) 2016 (S.R. 2016/171), regs. 1, 7(3)(a)Words in reg. 27(2)(b) substituted (6.4.2016) by The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations (Northern Ireland) 2016 (S.R. 2016/171), regs. 1, 7(3)(b)Words in reg. 27(2)(c) substituted (6.4.2016) by The Occupational Pension Schemes (Charges and Governance) (Amendment) Regulations (Northern Ireland) 2016 (S.R. 2016/171), regs. 1, 7(3)(c)