Pension Schemes Act 2021 (c. 1)

PART 2 N.I. Collective money purchase benefits: Northern Ireland

Ongoing supervision N.I.

78 Requirement to submit supervisory return N.I.

(1) The Pensions Regulator may by notice require the trustees of a collective money purchase scheme to submit a supervisory return.

(2) The Department may make regulations setting out the information that the Pensions Regulator may require in a supervisory return.

(3) The notice must specify—

(a) the information required to be included in the return,

(b) the manner and form in which the return must be submitted, and

(c) the period (of at least 28 days) within which the return must be submitted.

(4) The trustees of a collective money purchase scheme may not be required to submit a supervisory return more than once in any 12 month period.

(5) Article 10 of the Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22)) (civil penalties) applies to a trustee who fails to submit a supervisory return when required to do so.

(6) Regulations under subsection (2) are subject to negative resolution.

Commencement Information

I1 S. 78 in force at Royal Assent for specified purposes, see s. 131(3)(a)

I2 S. 78 in force at 1.8.2022 in so far as not already in force by S.R. 2022/197, art. 3(a)