The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022

Triggering events: notification requirements E+W+S

25.—(1) For the purposes of section 33(4)(b) of the Act (notification of triggering events), a trustee who is required to give a required notification under section 33(3) of the Act must notify each employer and any relevant former employer of the following matters—

(a) that the trustees—

(i) have submitted an implementation strategy to the Regulator and the date on which they did so, or

(ii) will submit an implementation strategy to the Regulator before the end of the period specified in regulation 26; and

(iii) in either case, will make the implementation strategy available to each employer and any relevant former employer after it has been approved by the Regulator;

(b) the timetable for future communications with each employer and any relevant former employer.

(2) Notifications under section 33 of the Act must be given before the end of—

(a) seven days (in the case of notifications to the Regulator);

(b) fourteen days (in the case of notifications to an employer or any relevant former employer); or

(c) two days (in the case of notifications to trustees),

beginning with the date specified in paragraph (3).

(3) The specified date is—

(a) the date on which the triggering event occurred, in the case of—

(i) notifications given under section 33(1) of the Act—

(aa) by the employer or relevant former employer, in respect of an item 4 triggering event;

(bb) by the person who made the decision, in respect of an item 6 or 8 triggering event;

(ii) notifications given under section 33(7) or (8) of the Act;

(b) the date on which the employer or relevant former employer becomes aware that they are unlikely to continue as a going concern, in the case of notifications given under section 33(1) of the Act by the employer or relevant former employer in respect of an item 5 triggering event;

(c) the date on which the person under the duty to notify became aware that the event had occurred, in the case of—

(i) notifications given under section 33(1) of the Act which are not mentioned in sub-paragraph (a)(i);

(ii) notifications given under section 33(3) or (9) of the Act.

Commencement Information

I1 Reg. 25 in force at 1.8.2022, see reg. 1(3)