Valid from 16/07/2015
Maximum period between scheme returns to be 5 years for micro schemesN.I.
47—(1) Article 58 of the 2005 Order (duty of the Regulator to issue scheme return notices) is amended as follows.
(2) After paragraph (3) insert—
“(3A) But paragraph (3)(a) has effect as if the reference to three years were a reference to five years if—
(a)the trustees or managers have complied with sub-paragraph (b) of Article 57(2),
(b)the information they provided under that sub-paragraph included the number of members of the scheme, and
(c)that number was no more than 4.”.
(3) After paragraph (4) insert—
“(4A) But paragraph (4)(a) has effect as if the reference to three years were a reference to five years if—
(a)on the date on which the previous scheme return notice was issued, the number of members of the scheme was recorded in the register, and
(b)that number was no more than 4.”.
Commencement Information
I1S. 47 in operation at 16.7.2015 by S.R. 2015/307, art. 2(1)(j)