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The Occupational Pension Schemes (Master Trusts) Regulations 2018

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This is the original version (as it was originally made).

Periodic reporting requirement

This section has no associated Explanatory Memorandum

22.—(1) For the purposes of section 30(2) of the Act (periodic reporting requirement), the first report must be submitted before the end of the 14 days beginning with the date on which the Regulator notifies the trustees that the implementation strategy is approved.

(2) For the purposes of section 30(4)(b) of the Act, periodic reports must record—

(a)decisions made by the trustees and participating employers about the receiving scheme, and

(b)decisions made by the trustees in relation to arrangements under paragraph 12 of Schedule 5.

(3) The following information is specified for the purposes of section 30(4)(c) of the Act—

(a)if the person preparing the periodic report is not an independent trustee appointed pursuant to section 23(1) of the 1995 Act(1) (power to appoint independent trustees), the name and address of that person;

(b)if an actuary is appointed under section 47(1)(b) of the 1995 Act (professional advisers), the name and address of the actuary;

(c)a statement as to whether any of the scheme’s administrative services are being carried out by a person other than the trustees, including the name and address of that person;

(d)the timescales for completing the steps identified in the implementation strategy;

(e)details of whether any particular issues are affecting the trustees’ ability to pursue or complete the steps identified in the implementation strategy.

(4) This regulation does not apply to a scheme to which regulation 27(3) applies.

(1)

Section 23 was substituted by section 36(3) of the 2004 Act.

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