C3C4C2C1C6C5C10C9C8C7C11C14C12C13C15C18C16C17PART 1Master Trusts

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Ongoing supervision of Master Trust schemes

I1I2I314Requirement to submit annual accounts

1

The trustees of an authorised Master Trust scheme must send the scheme’s accounts to the Regulator.

2

The accounts must be sent to the Regulator no later than two months after they are obtained by the trustees.

3

A scheme funder of a Master Trust scheme must send its accounts to the Regulator.

4

The scheme funder’s accounts must be sent to the Regulator—

a

no later than nine months after the end of the financial year to which they relate, or

b

within such other period as may be specified in regulations made by the Department.

5

Article 10 of the 1995 Order (civil penalties) applies to a person who fails to comply with a requirement imposed by this section.

6

Regulations under this section are subject to negative resolution.