PART 2

Collective money purchase benefits: Northern Ireland

Authorisation

Application for authorisation
59
1
The trustees of a collective money purchase scheme may apply to the Pensions Regulator for authorisation.
2
An application must be made in the manner and form specified by the Pensions Regulator.
3
An application must include—
a
the scheme's viability report and viability certificate (see section 64), and
b
the scheme's continuity strategy (see section 68).
4
The Department may by regulations—
a
specify other information that must be included in an application;
b
require a fee to be paid to the Pensions Regulator in respect of an application.
5
In considering an application, the Pensions 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.
6
Regulations under subsection (4) are subject to negative resolution.
S. 59 in force at Royal Assent for specified purposes, see s. 131(3)(a)
S. 59 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)