http://www.legislation.gov.uk/nisr/2024/15/schedule/1/madeThe Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations (Northern Ireland) 2024enGovernment Printer for Northern Ireland2024-06-13PENSIONSThese Regulations revoke and re-enact the Occupational Pension Schemes (Collective Money Purchase Schemes) (No. 2) Regulations (Northern Ireland) 2023 (“the Collective Money Purchase Schemes Regulations”) which would otherwise cease to have effect by virtue of section 112(3)(b) of the Pensions (No. 2) Act (Northern Ireland) 2008, section 51(3)(b) of the Pensions Act (Northern Ireland) 2015 and section 102(5)(b) of the Pension Schemes Act 2021 (“the 2021 Act”). Like the Collective Money Purchase Schemes Regulations, the Regulations implement the new authorisation and supervisory regime for collective money purchase schemes under Part 2 of the 2021 Act. They also make provision for amendments to subordinate legislation in relation to schemes providing collective money purchase benefits.SCHEDULE 1

Regulation 8

Fit and proper persons requirement1.(1)

In this Schedule—

arrangement” means a voluntary arrangement entered into by an individual with their creditors;

the Bankruptcy Act” means the Bankruptcy (Scotland) Act 2016

2016 asp 21

;

the Insolvency Act” means the Insolvency Act 1986

1986 c. 45

;

the Insolvency Order” means the Insolvency (Northern Ireland) Order 1989

S.I. 1989/2405 (N.I. 19)

;

the registrar of companies” has the meaning given by section 1060(3) of the Companies Act 2006

2006 c. 46

.

(2)

In paragraph 2(a)—

adjudicator” has the meaning given by section 385(1)

Section 385(1) was amended by paragraph 55 of Schedule 19 to the Enterprise and Regulatory Reform Act 2013 (c. 24)

of the Insolvency Act;

creditor” has the meaning given by section 383(1)

Section 383(1) was amended by Schedule 16 to the Criminal Justice Act 1988 (c. 33) and paragraph 53 of Schedule 19 to the Enterprise and Regulatory Reform Act 2013

of the Insolvency Act.

(3)

In paragraph 2(b)—

the Accountant in Bankruptcy” has the meaning given by section 199(1) of the Bankruptcy Act;

creditor” has the meaning given by section 383(1) of the Insolvency Act;

debtor application” has the meaning given by section 228(1) of the Bankruptcy Act;

sequestration” has the meaning given by section 1 of the Bankruptcy Act.

(4)

In paragraph 2(c)—

bankrupt”, “bankruptcy order” and “bankruptcy petition” have the meanings given in Article 9(1) of the Insolvency Order;

“the court” is defined in rule 0.2 of the Insolvency Rules (Northern Ireland) 1991

S.R. 1991 No. 364

;

creditor” has the meaning given in Article 9(1) of the Insolvency Order.

2.

For the purposes of section 62(3)(a) of the 2021 Act (fit and proper persons requirement), the Regulator must take into account the following matters when assessing whether a person is fit and proper to act in a capacity mentioned in section 62(2) of the 2021 Act—

(a)

whether, in England and Wales, the person has—

(i)

made any arrangement with the person’s creditors;

(ii)

applied to an adjudicator under section 263H

Section 263H was inserted by section 71(2) of the Enterprise and Regulatory Reform Act 2013 (c. 24)

of the Insolvency Act (bankruptcy applications to an adjudicator) for a bankruptcy order within the meaning given by section 381(2)

Section 381(2) was amended by paragraph 52(4) of Schedule 19 to the Enterprise and Regulatory Reform Act 2013

of the Insolvency Act (“bankrupt” and associated terminology);

(iii)

been served with a bankruptcy petition within the meaning given by section 381(3) of the Insolvency Act;

(iv)

been made bankrupt within the meaning given by section 381(1)

Section 381(1) was amended by paragraph 52(2) of Schedule 19 to the Enterprise and Regulatory Reform Act 2013

of the Insolvency Act;

(v)

been the subject of a bankruptcy restrictions order made under paragraph 1 (bankruptcy restrictions order) of Schedule 4A

Schedule 4A was inserted by section 257(2) of the Enterprise Act 2002 (c. 40)

to the Insolvency Act (including an interim bankruptcy restrictions order made under paragraph 5 (interim bankruptcy restrictions order) of that Schedule), or

(vi)

offered a bankruptcy restrictions undertaking made under paragraph 7 (bankruptcy restrictions undertaking) of Schedule 4A to the Insolvency Act;

(b)

whether, in Scotland, the person has—

(i)

made any arrangement with the person’s creditors;

(ii)

made a debtor application to the Accountant in Bankruptcy for sequestration;

(iii)

been served with a petition for sequestration;

(iv)

been the subject of an award of sequestration in accordance with section 22 of the Bankruptcy Act (when sequestration is awarded), or

(v)

been the subject of a bankruptcy restrictions order within the meaning given by section 155(1) (bankruptcy restrictions order) of the Bankruptcy Act (including an interim bankruptcy restrictions order within the meaning given by section 160 (interim bankruptcy restrictions orders) of the Bankruptcy Act);

(c)

whether, in Northern Ireland, the person has—

(i)

made any arrangement with the person’s creditors;

(ii)

petitioned the court for a bankruptcy order;

(iii)

been served with a bankruptcy petition;

(iv)

been adjudged bankrupt;

(v)

been the subject of a bankruptcy restrictions order made under paragraph 1 (bankruptcy restrictions order) of Schedule 2A

Schedule 2A was inserted by Article 13(2) of the Insolvency (Northern Ireland) Order 2005 (S.I. 2005/1455 (N.I. 10))

to the Insolvency Order (including an interim bankruptcy restrictions order made under paragraph 5 (interim bankruptcy restrictions order) of that Schedule), or

(vi)

offered a bankruptcy restrictions undertaking made under paragraph 7 (bankruptcy restrictions undertaking) of Schedule 2A to the Insolvency Order;

(d)

whether the person has been a director

“Director” is defined in section 62(6) of the Pension Schemes Act 2021 for the purposes of that section as having the meaning given in Article 5 of the Insolvency (Northern Ireland) Order 1989

or partner of, or otherwise concerned in the management of, a business that has gone into insolvency, liquidation or administration while the person was concerned with that business or within one year of their being so concerned;

(e)

whether—

(i)

in Great Britain, the person has been convicted of any criminal offence, excluding convictions that are spent within the meaning of the Rehabilitation of Offenders Act 1974

1974 c. 53

, or

(ii)

in Northern Ireland, the person has been convicted of any criminal offence, excluding convictions that are spent within the meaning of the Rehabilitation of Offenders (Northern Ireland) Order 1978

S.I. 1978/1908 (N.I. 27)

;

(f)

whether there has been a judgment against the person or the person has reached a settlement in civil proceedings, particularly in connection with investment or other financial business, misconduct, fraud or the formation or management of a body corporate;

(g)

whether—

(i)

in Great Britain, the person has been subject to a disqualification order under section 1(1) (disqualification orders: general), or a disqualification undertaking under section 1A(1) (disqualification undertakings: general) of the Company Directors Disqualification Act 1986

1986 c. 46; section 1(1) was amended by section 5(1) of the Insolvency Act 2000 (c. 39) and section 204(3) of the Enterprise Act 2002 (c. 40); section 1A(1) was inserted by section 6(2) of the Insolvency Act 2000 and amended by paragraph 3 of Schedule 7 to the Small Business, Enterprise and Employment Act 2015 (c. 26)

, or

(ii)

in Northern Ireland, the person has been subject to a disqualification order under Article 3(1) (disqualification orders: general), or a disqualification undertaking under Article 4(1) (disqualification undertakings: general) of the Company Directors Disqualification (Northern Ireland) Order 2002

S.I. 2002/3150 (N.I. 4); Article 3(1) was amended by S.I. 2005/1454 (N.I. 9); Article 4(1) was amended by paragraph 9(4)(a) of Schedule 8 to the Small Business, Enterprise and Employment Act 2015 (c. 26)

;

(h)

whether the person has contravened any of the requirements or standards of—

(i)

a regulator, including the Regulator, or

(ii)

the registrar of companies

“The registrar of companies” is defined in section 1060(3) of the Companies Act 2006

;

(i)

any information received from—

(i)

a regulator, or

(ii)

the registrar of companies;

(j)

the person’s conduct in relation to, or arising out of or in connection with, any work the person has carried out in one or more of the capacities mentioned in section 62(2) of the 2021 Act—

(i)

in the period of 5 years ending with the date of the application for authorisation of the scheme, and

(ii)

at any time since the date of the application for authorisation of the scheme;

(k)

whether—

(i)

in Great Britain, the person has been prohibited from being a trustee of any trust, including any trust scheme within the meaning of section 124(1) of the Pensions Act 1995

1995 c. 26

(interpretation of Part 1), under—

(aa)

section 3

Section 3 was substituted by section 33 of the Pensions Act 2004 (c. 35)

of the Pensions Act 1995 (prohibition orders), or

(bb)

any other legislation, or

(ii)

in Northern Ireland, the person has been prohibited from being a trustee of any trust, including any trust scheme within the meaning of Article 121(1) of the 1995 Order (interpretation of Part 2), under—

(aa)

Article 3

Article 3 was substituted by Article 29 of the Pensions (Northern Ireland) Order 2005 and amended by paragraph 3 of Schedule 1 to the Pensions Regulator Tribunal (Transfer of Functions) Act (Northern Ireland) 2010 (c. 4 (N.I.))

of the 1995 Order (prohibition orders), or

(bb)

any other legislation;

(l)

whether—

(i)

in Great Britain, the person has been disqualified from being a trustee of any trust, including any trust scheme within the meaning of section 124(1) of the Pensions Act 1995, under—

(aa)

section 29

Section 29 was amended by paragraph 45 of Schedule 12, and Schedule 13, to the Pensions Act 2004, section 106(2) of and paragraph 8 of Schedule 16 to the Tribunals Courts and Enforcement Act 2007 (c. 15), paragraph 6 of the Schedule to S.I. 2004/1941, paragraph 5 of Schedule 2 to S.I. 2006/1722, paragraph 155(4) of Schedule 1 to S.I. 2009/1941, paragraph 34(3) of Schedule 2 to S.I. 2012/2404 and paragraph 11(3) of Schedule 1 to S.I. 2016/481

of the Pensions Act 1995 (persons disqualified from being trustees), or

(bb)

any other legislation, or

(ii)

in Northern Ireland, the person has been disqualified from being a trustee of any trust, including any trust scheme within the meaning of Article 121(1) of the 1995 Order, under—

(aa)

Article 29

Article 29 was amended by paragraph 11 of Schedule 3 to the Company Directors Disqualification (Northern Ireland) Order 2002 (S.I. 2002/3150 (N.I. 4)), paragraph 39 of Schedule 10 and Schedule 11 to the Pensions (Northern Ireland) Order 2005, paragraph 5 of the Schedule to S.R. 2008 No. 94 and paragraph 16(2)(c) of the Schedule to S.R. 2016 No. 108

of the 1995 Order (persons disqualified for being trustees), or

(bb)

any other legislation.

3.

For the purposes of section 62(3)(a) of the 2021 Act, the Regulator must take into account—

(a)

the knowledge and skills gained from a person’s significant experience as a trustee, in assessing whether the person is fit and proper to act in that capacity;

(b)

whether a person has successfully completed such relevant training as may be set out in a Code, in assessing whether the person is fit and proper to act in the capacity of a trustee of the scheme;

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SCHEDULE 1
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<authorialNote class="footnote" eId="f00026" marker="26">
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<ref eId="c00038" href="http://www.legislation.gov.uk/id/asp/2016/21">2016 asp 21</ref>
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<authorialNote class="footnote" eId="f00027" marker="27">
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<ref eId="c00039" href="http://www.legislation.gov.uk/id/ukpga/1986/45">1986 c. 45</ref>
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<ref eId="c00040" href="http://www.legislation.gov.uk/id/nisi/1989/2405">S.I. 1989/2405 (N.I. 19)</ref>
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;
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<ref eId="c00041" href="http://www.legislation.gov.uk/id/ukpga/2006/46">2006 c. 46</ref>
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.
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Section 385(1) was amended by paragraph 55 of Schedule 19 to the Enterprise and Regulatory Reform Act
<ref eId="c00042" href="http://www.legislation.gov.uk/id/ukpga/2013/24">2013 (c. 24)</ref>
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of the Insolvency Act;
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Section 383(1) was amended by Schedule 16 to the Criminal Justice Act
<ref eId="c00043" href="http://www.legislation.gov.uk/id/ukpga/1988/33">1988 (c. 33)</ref>
and paragraph 53 of Schedule 19 to the Enterprise and Regulatory Reform Act 2013
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of the Insolvency Act.
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“the court” is defined in rule 0.2 of the Insolvency Rules (Northern Ireland) 1991
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<ref eId="c00044" href="http://www.legislation.gov.uk/id/nisr/1991/364">S.R. 1991 No. 364</ref>
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<num>2.</num>
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<p>For the purposes of section 62(3)(a) of the 2021 Act (fit and proper persons requirement), the Regulator must take into account the following matters when assessing whether a person is fit and proper to act in a capacity mentioned in section 62(2) of the 2021 Act—</p>
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applied to an adjudicator under section 263H
<authorialNote class="footnote" eId="f00033" marker="33">
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Section 263H was inserted by section 71(2) of the Enterprise and Regulatory Reform Act
<ref eId="c00045" href="http://www.legislation.gov.uk/id/ukpga/2013/24">2013 (c. 24)</ref>
</p>
</authorialNote>
of the Insolvency Act (bankruptcy applications to an adjudicator) for a bankruptcy order within the meaning given by section 381(2)
<authorialNote class="footnote" eId="f00034" marker="34">
<p>Section 381(2) was amended by paragraph 52(4) of Schedule 19 to the Enterprise and Regulatory Reform Act 2013</p>
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of the Insolvency Act (“bankrupt” and associated terminology);
</p>
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<p>been served with a bankruptcy petition within the meaning given by section 381(3) of the Insolvency Act;</p>
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been made bankrupt within the meaning given by section 381(1)
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<p>Section 381(1) was amended by paragraph 52(2) of Schedule 19 to the Enterprise and Regulatory Reform Act 2013</p>
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of the Insolvency Act;
</p>
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been the subject of a bankruptcy restrictions order made under paragraph 1 (bankruptcy restrictions order) of Schedule 4A
<authorialNote class="footnote" eId="f00036" marker="36">
<p>
Schedule 4A was inserted by section 257(2) of the Enterprise Act
<ref eId="c00046" href="http://www.legislation.gov.uk/id/ukpga/2002/40">2002 (c. 40)</ref>
</p>
</authorialNote>
to the Insolvency Act (including an interim bankruptcy restrictions order made under paragraph 5 (interim bankruptcy restrictions order) of that Schedule), or
</p>
</content>
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<num>(vi)</num>
<content>
<p>offered a bankruptcy restrictions undertaking made under paragraph 7 (bankruptcy restrictions undertaking) of Schedule 4A to the Insolvency Act;</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-b">
<num>(b)</num>
<intro>
<p>whether, in Scotland, the person has—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-b-i">
<num>(i)</num>
<content>
<p>made any arrangement with the person’s creditors;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-b-ii">
<num>(ii)</num>
<content>
<p>made a debtor application to the Accountant in Bankruptcy for sequestration;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-b-iii">
<num>(iii)</num>
<content>
<p>been served with a petition for sequestration;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-b-iv">
<num>(iv)</num>
<content>
<p>been the subject of an award of sequestration in accordance with section 22 of the Bankruptcy Act (when sequestration is awarded), or</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-b-v">
<num>(v)</num>
<content>
<p>been the subject of a bankruptcy restrictions order within the meaning given by section 155(1) (bankruptcy restrictions order) of the Bankruptcy Act (including an interim bankruptcy restrictions order within the meaning given by section 160 (interim bankruptcy restrictions orders) of the Bankruptcy Act);</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-c">
<num>(c)</num>
<intro>
<p>whether, in Northern Ireland, the person has—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-c-i">
<num>(i)</num>
<content>
<p>made any arrangement with the person’s creditors;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-c-ii">
<num>(ii)</num>
<content>
<p>petitioned the court for a bankruptcy order;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-c-iii">
<num>(iii)</num>
<content>
<p>been served with a bankruptcy petition;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-c-iv">
<num>(iv)</num>
<content>
<p>been adjudged bankrupt;</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-c-v">
<num>(v)</num>
<content>
<p>
been the subject of a bankruptcy restrictions order made under paragraph 1 (bankruptcy restrictions order) of Schedule 2A
<authorialNote class="footnote" eId="f00037" marker="37">
<p>
Schedule 2A was inserted by Article 13(2) of the Insolvency (Northern Ireland) Order 2005 (
<ref eId="c00047" href="http://www.legislation.gov.uk/id/nisi/2005/1455">S.I. 2005/1455 (N.I. 10))</ref>
</p>
</authorialNote>
to the Insolvency Order (including an interim bankruptcy restrictions order made under paragraph 5 (interim bankruptcy restrictions order) of that Schedule), or
</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-c-vi">
<num>(vi)</num>
<content>
<p>offered a bankruptcy restrictions undertaking made under paragraph 7 (bankruptcy restrictions undertaking) of Schedule 2A to the Insolvency Order;</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-d">
<num>(d)</num>
<content>
<p>
whether the person has been a director
<authorialNote class="footnote" eId="f00038" marker="38">
<p>“Director” is defined in section 62(6) of the Pension Schemes Act 2021 for the purposes of that section as having the meaning given in Article 5 of the Insolvency (Northern Ireland) Order 1989</p>
</authorialNote>
or partner of, or otherwise concerned in the management of, a business that has gone into insolvency, liquidation or administration while the person was concerned with that business or within one year of their being so concerned;
</p>
</content>
</level>
<level class="para1" eId="schedule-1-paragraph-2-e">
<num>(e)</num>
<intro>
<p>whether—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-e-i">
<num>(i)</num>
<content>
<p>
in Great Britain, the person has been convicted of any criminal offence, excluding convictions that are spent within the meaning of the Rehabilitation of Offenders Act 1974
<authorialNote class="footnote" eId="f00039" marker="39">
<p>
<ref eId="c00048" href="http://www.legislation.gov.uk/id/ukpga/1974/53">1974 c. 53</ref>
</p>
</authorialNote>
, or
</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-e-ii">
<num>(ii)</num>
<content>
<p>
in Northern Ireland, the person has been convicted of any criminal offence, excluding convictions that are spent within the meaning of the Rehabilitation of Offenders (Northern Ireland) Order 1978
<authorialNote class="footnote" eId="f00040" marker="40">
<p>
<ref eId="c00049" href="http://www.legislation.gov.uk/id/nisi/1978/1908">S.I. 1978/1908 (N.I. 27)</ref>
</p>
</authorialNote>
;
</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-f">
<num>(f)</num>
<content>
<p>whether there has been a judgment against the person or the person has reached a settlement in civil proceedings, particularly in connection with investment or other financial business, misconduct, fraud or the formation or management of a body corporate;</p>
</content>
</level>
<level class="para1" eId="schedule-1-paragraph-2-g">
<num>(g)</num>
<intro>
<p>whether—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-g-i">
<num>(i)</num>
<content>
<p>
in Great Britain, the person has been subject to a disqualification order under section 1(1) (disqualification orders: general), or a disqualification undertaking under section 1A(1) (disqualification undertakings: general) of the Company Directors Disqualification Act 1986
<authorialNote class="footnote" eId="f00041" marker="41">
<p>
<ref eId="c00050" href="http://www.legislation.gov.uk/id/ukpga/1986/46">1986 c. 46</ref>
; section 1(1) was amended by section 5(1) of the Insolvency Act
<ref eId="c00051" href="http://www.legislation.gov.uk/id/ukpga/2000/39">2000 (c. 39)</ref>
and section 204(3) of the Enterprise Act
<ref eId="c00052" href="http://www.legislation.gov.uk/id/ukpga/2002/40">2002 (c. 40)</ref>
; section 1A(1) was inserted by section 6(2) of the Insolvency Act 2000 and amended by paragraph 3 of Schedule 7 to the Small Business, Enterprise and Employment Act
<ref eId="c00053" href="http://www.legislation.gov.uk/id/ukpga/2015/26">2015 (c. 26)</ref>
</p>
</authorialNote>
, or
</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-g-ii">
<num>(ii)</num>
<content>
<p>
in Northern Ireland, the person has been subject to a disqualification order under Article 3(1) (disqualification orders: general), or a disqualification undertaking under Article 4(1) (disqualification undertakings: general) of the Company Directors Disqualification (Northern Ireland) Order 2002
<authorialNote class="footnote" eId="f00042" marker="42">
<p>
<ref eId="c00054" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4)</ref>
; Article 3(1) was amended by
<ref eId="c00055" href="http://www.legislation.gov.uk/id/nisi/2005/1454">S.I. 2005/1454 (N.I. 9)</ref>
; Article 4(1) was amended by paragraph 9(4)(a) of Schedule 8 to the Small Business, Enterprise and Employment Act
<ref eId="c00056" href="http://www.legislation.gov.uk/id/ukpga/2015/26">2015 (c. 26)</ref>
</p>
</authorialNote>
;
</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-h">
<num>(h)</num>
<intro>
<p>whether the person has contravened any of the requirements or standards of—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-h-i">
<num>(i)</num>
<content>
<p>a regulator, including the Regulator, or</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-h-ii">
<num>(ii)</num>
<content>
<p>
the registrar of companies
<authorialNote class="footnote" eId="f00043" marker="43">
<p>“The registrar of companies” is defined in section 1060(3) of the Companies Act 2006</p>
</authorialNote>
;
</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-i">
<num>(i)</num>
<intro>
<p>any information received from—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-i-i">
<num>(i)</num>
<content>
<p>a regulator, or</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-i-ii">
<num>(ii)</num>
<content>
<p>the registrar of companies;</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-j">
<num>(j)</num>
<intro>
<p>the person’s conduct in relation to, or arising out of or in connection with, any work the person has carried out in one or more of the capacities mentioned in section 62(2) of the 2021 Act—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-j-i">
<num>(i)</num>
<content>
<p>in the period of 5 years ending with the date of the application for authorisation of the scheme, and</p>
</content>
</level>
<level class="para2" eId="schedule-1-paragraph-2-j-ii">
<num>(ii)</num>
<content>
<p>at any time since the date of the application for authorisation of the scheme;</p>
</content>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-k">
<num>(k)</num>
<intro>
<p>whether—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-k-i">
<num>(i)</num>
<intro>
<p>
in Great Britain, the person has been prohibited from being a trustee of any trust, including any trust scheme within the meaning of section 124(1) of the Pensions Act 1995
<authorialNote class="footnote" eId="f00044" marker="44">
<p>
<ref eId="c00057" href="http://www.legislation.gov.uk/id/ukpga/1995/26">1995 c. 26</ref>
</p>
</authorialNote>
(interpretation of Part 1), under—
</p>
</intro>
<level class="para3" eId="schedule-1-paragraph-2-k-i-aa">
<num>(aa)</num>
<content>
<p>
section 3
<authorialNote class="footnote" eId="f00045" marker="45">
<p>
Section 3 was substituted by section 33 of the Pensions Act
<ref eId="c00058" href="http://www.legislation.gov.uk/id/ukpga/2004/35">2004 (c. 35)</ref>
</p>
</authorialNote>
of the Pensions Act 1995 (prohibition orders), or
</p>
</content>
</level>
<level class="para3" eId="schedule-1-paragraph-2-k-i-bb">
<num>(bb)</num>
<content>
<p>any other legislation, or</p>
</content>
</level>
</level>
<level class="para2" eId="schedule-1-paragraph-2-k-ii">
<num>(ii)</num>
<intro>
<p>in Northern Ireland, the person has been prohibited from being a trustee of any trust, including any trust scheme within the meaning of Article 121(1) of the 1995 Order (interpretation of Part 2), under—</p>
</intro>
<level class="para3" eId="schedule-1-paragraph-2-k-ii-aa">
<num>(aa)</num>
<content>
<p>
Article 3
<authorialNote class="footnote" eId="f00046" marker="46">
<p>
Article 3 was substituted by Article 29 of the Pensions (Northern Ireland) Order 2005 and amended by paragraph 3 of Schedule 1 to the Pensions Regulator Tribunal (Transfer of Functions) Act (Northern Ireland)
<ref eId="c00059" href="http://www.legislation.gov.uk/id/nia/2010/4">2010 (c. 4 (N.I.))</ref>
</p>
</authorialNote>
of the 1995 Order (prohibition orders), or
</p>
</content>
</level>
<level class="para3" eId="schedule-1-paragraph-2-k-ii-bb">
<num>(bb)</num>
<content>
<p>any other legislation;</p>
</content>
</level>
</level>
</level>
<level class="para1" eId="schedule-1-paragraph-2-l">
<num>(l)</num>
<intro>
<p>whether—</p>
</intro>
<level class="para2" eId="schedule-1-paragraph-2-l-i">
<num>(i)</num>
<intro>
<p>in Great Britain, the person has been disqualified from being a trustee of any trust, including any trust scheme within the meaning of section 124(1) of the Pensions Act 1995, under—</p>
</intro>
<level class="para3" eId="schedule-1-paragraph-2-l-i-aa">
<num>(aa)</num>
<content>
<p>
section 29
<authorialNote class="footnote" eId="f00047" marker="47">
<p>
Section 29 was amended by paragraph 45 of Schedule 12, and Schedule 13, to the Pensions Act 2004, section 106(2) of and paragraph 8 of Schedule 16 to the Tribunals Courts and Enforcement Act
<ref eId="c00060" href="http://www.legislation.gov.uk/id/ukpga/2007/15">2007 (c. 15)</ref>
, paragraph 6 of the Schedule to
<ref eId="c00061" href="http://www.legislation.gov.uk/id/uksi/2004/1941">S.I. 2004/1941</ref>
, paragraph 5 of Schedule 2 to
<ref eId="c00062" href="http://www.legislation.gov.uk/id/uksi/2006/1722">S.I. 2006/1722</ref>
, paragraph 155(4) of Schedule 1 to
<ref eId="c00063" href="http://www.legislation.gov.uk/id/uksi/2009/1941">S.I. 2009/1941</ref>
, paragraph 34(3) of Schedule 2 to
<ref eId="c00064" href="http://www.legislation.gov.uk/id/uksi/2012/2404">S.I. 2012/2404</ref>
and paragraph 11(3) of Schedule 1 to
<ref eId="c00065" href="http://www.legislation.gov.uk/id/uksi/2016/481">S.I. 2016/481</ref>
</p>
</authorialNote>
of the Pensions Act 1995 (persons disqualified from being trustees), or
</p>
</content>
</level>
<level class="para3" eId="schedule-1-paragraph-2-l-i-bb">
<num>(bb)</num>
<content>
<p>any other legislation, or</p>
</content>
</level>
</level>
<level class="para2" eId="schedule-1-paragraph-2-l-ii">
<num>(ii)</num>
<intro>
<p>in Northern Ireland, the person has been disqualified from being a trustee of any trust, including any trust scheme within the meaning of Article 121(1) of the 1995 Order, under—</p>
</intro>
<level class="para3" eId="schedule-1-paragraph-2-l-ii-aa">
<num>(aa)</num>
<content>
<p>
Article 29
<authorialNote class="footnote" eId="f00048" marker="48">
<p>
Article 29 was amended by paragraph 11 of Schedule 3 to the Company Directors Disqualification (Northern Ireland) Order 2002 (
<ref eId="c00066" href="http://www.legislation.gov.uk/id/nisi/2002/3150">S.I. 2002/3150 (N.I. 4))</ref>
, paragraph 39 of Schedule 10 and Schedule 11 to the Pensions (Northern Ireland) Order 2005, paragraph 5 of the Schedule to
<ref eId="c00067" href="http://www.legislation.gov.uk/id/nisr/2008/94">S.R. 2008 No. 94</ref>
and paragraph 16(2)(c) of the Schedule to
<ref eId="c00068" href="http://www.legislation.gov.uk/id/nisr/2016/108">S.R. 2016 No. 108</ref>
</p>
</authorialNote>
of the 1995 Order (persons disqualified for being trustees), or
</p>
</content>
</level>
<level class="para3" eId="schedule-1-paragraph-2-l-ii-bb">
<num>(bb)</num>
<content>
<p>any other legislation.</p>
</content>
</level>
</level>
</level>
</paragraph>
<paragraph eId="schedule-1-paragraph-3" class="schProv1">
<num>3.</num>
<intro>
<p>For the purposes of section 62(3)(a) of the 2021 Act, the Regulator must take into account—</p>
</intro>
<level class="para1" eId="schedule-1-paragraph-3-a">
<num>(a)</num>
<content>
<p>the knowledge and skills gained from a person’s significant experience as a trustee, in assessing whether the person is fit and proper to act in that capacity;</p>
</content>
</level>
<level class="para1" eId="schedule-1-paragraph-3-b">
<num>(b)</num>
<content>
<p>whether a person has successfully completed such relevant training as may be set out in a Code, in assessing whether the person is fit and proper to act in the capacity of a trustee of the scheme;</p>
</content>
</level>
</paragraph>
</hcontainer>
</hcontainer>
</body>
</act>
</akomaNtoso>