15.—(1) The information listed in Schedule 4, in the form of a summary funding statement, must be given in accordance with this regulation where the trustees or managers of the scheme have obtained an actuarial valuation or report under section 224 of the 2004 Act (actuarial valuations and reports).
(2) The information must be given to all members and beneficiaries of the scheme except—
(a)excluded persons, and
(b)members or beneficiaries whose only entitlement to benefits under the scheme is, or will be, to money purchase benefits.
(3) The information must be given on, before or within a reasonable period after, the date by which the trustees or managers of the scheme are required under section 224 of the 2004 Act to ensure that the valuation or report is received by them.