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The Pensions Regulator (Notifiable Events) Regulations 2005
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- UK Statutory Instruments
- 2005 No. 900
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
These Regulations prescribe those events the occurrence of which there is a duty upon the appropriate person to notify the Pensions Regulator. In relation to events in respect of certain occupational pension schemes the duty falls on the trustees or managers of the scheme; in relation to events in respect of employers in relation to eligible pension schemes, the duty falls on the employers.
The Pensions Regulator is established by section 1 of the Pensions Act 2004 (c. 35) (“the Act”).
The Pensions Regulator has prepared directions and a code of practice which give further information regarding notifiable events.
As these Regulations are made before the expiry of the period of six months beginning with the coming into force of section 69 of the Act by virtue of which they are made, the requirement for the Secretary of State to consult such persons as he considers appropriate does not apply.
These regulations have only a negligible impact on business, charities and the voluntary sector. Publication of a full Regulatory Impact Assessment is not necessary for such legislation.
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