228.This section has effect for the purposes of sections 63 and 64 and specifies the meaning of “return date” and “scheme return”. Subsection (3) states that a scheme return notice, which must be in writing, must specify details of the information required, which must include details of all registrable information, as well as any other information that may be required by the Regulator to enable it to fulfil its functions. For example, information may be collected to assist in:
the calculation of the Pension Protection Fund levy (section 181);
the exercise of functions by the Board of the Pension Protection Fund (section 110);
the exercise of functions delegated by the Board of the Pension Protection Fund to the Regulator
the assessment of risk for each scheme (section 179).
229.The scheme return notice must also specify the return date (which must be at least 28 days after the date the notice was issued).