Connection affected by an assessment periodE+W+S
20.—(1) If an assessment period in relation to a pension scheme begins before the scheme has connected to the Money and Pensions Service—
(a)trustees or managers are not required to connect the scheme to the Money and Pensions Service before the assessment period ends, and
(b)if, when the assessment period ends, the scheme continues to function as a pension scheme, the deadline for connecting to the Money and Pensions Service is whichever is the later of the following—
(i)6 months beginning with the day after the date on which the assessment period ends, or
(ii)the deadline for connecting to the Money and Pensions Service that applied previously, under whichever of regulations 15 to 19 is relevant in the circumstances.
[F1(2) Once a deadline applies pursuant to paragraph (1)(b), the deadline remains fixed, unless—
(a)permission to defer connection is given under regulation 17, or
(b)all the members of the scheme become pensioner members.]
(3) 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 [F2by no later than the deadline pursuant to paragraph (1)(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).
(4) If an assessment period in relation to a section of a scheme or a segregated part of a scheme begins before the scheme has connected to the Money and Pensions Service, this does not affect the requirement for the scheme to connect to the Money and Pensions Service unless all the sections or segregated parts of the scheme are subject to the assessment period.
Textual Amendments
F1Reg. 20(2) substituted (9.8.2023) by The Pensions Dashboards (Amendment) Regulations 2023 (S.I. 2023/858), regs. 1(2), 9(a)
F2Words in reg. 20(3)(b) substituted (9.8.2023) by The Pensions Dashboards (Amendment) Regulations 2023 (S.I. 2023/858), regs. 1(2), 9(b)
Commencement Information
I1Reg. 20 in force at 12.12.2022, see reg. 1(2)