- Deddfwriaeth Ddrafft
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Pensions Dashboards Regulations 2022 No. 1220
17.—(1) Where the trustees or managers wish to defer the staging deadline that applies to a pension scheme by virtue of regulation 15(2)(a), they may apply to the Secretary of State for permission to do this if—
(a)no more than 12 months has passed since the coming into force of these Regulations;
(b)a deferral has not been permitted in respect of the pension scheme previously;
(c)they submit an application at least 2 months before the relevant staging deadline.
(2) If applying to defer the staging deadline that applies to a pension scheme, trustees or managers must—
(a)submit evidence to demonstrate that at least one of the following conditions applies—
(i)that before the coming into force of these Regulations, they had embarked on a programme to transfer the data held by the pension scheme to a new administrator;
(ii)that before the coming into force of these Regulations, they had entered into a contract containing an obligation to retender the administration of the scheme, and that the timetable for this is reasonable and conflicts with the staging deadline;
(b)submit evidence to demonstrate that complying with the staging deadline—
(i)would be disproportionately burdensome, or
(ii)would put the personal data of members at risk;
(c)set out the steps being taken to ensure that the pension scheme can connect to the Money and Pensions Service at the earliest opportunity.
(3) The Secretary of State, following consultation with the Regulator and with the Money and Pensions Service, may by notice—
(a)grant permission to defer the staging deadline until such a date within 12 months of the staging deadline as the Secretary of State considers appropriate (referred to in this regulation as the “agreed deadline”), or
(b)refuse to grant permission to defer the staging deadline.
(4) Where permission is granted to defer the staging deadline under paragraph (3)(a)—
(a)the agreed deadline remains fixed, even if there is a change in the classification of the scheme type or in its size, unless—
(i)permission to connect early is given under regulation 16, or
(ii)all the members of the scheme become pensioner members;
(b)the connection window for the scheme is the period of one month leading up to and including the agreed deadline.
(5) Once permission has been granted to defer the staging deadline under paragraph (3)(a), trustees or managers must—
(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);
(b)connect the pension scheme to the Money and Pensions Service within the connection window referred to in paragraph (4)(b), in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);
(c)meet the requirements in regulation 15(4) and (5).
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Mae Memorandwm Esboniadol Drafft yn nodi datganiad byr o ddiben Offeryn Statudol Drafft ac yn rhoi gwybodaeth am ei amcan polisi a goblygiadau polisi. Eu nod yw gwneud yr Offeryn Statudol Drafft yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol, ac maent yn cyd-fynd ag unrhyw Offeryn Statudol neu Offeryn Statudol Drafft a gyflwynwyd yn fanwl gerbron y Senedd o Fehefin 2004 ymlaen.
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Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
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