Prohibition on new employers during triggering event period
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32.—(1) During a triggering event period for a Master Trust scheme, neither the trustees nor a scheme funder nor a scheme strategist may—
(a)permit a new person to become an employer in relation to the scheme, or
(b)enter into an agreement under which a new person will become an employer in relation to the scheme after the end of the triggering event period.
(2) A “new person” is a person who was not an employer in relation to the scheme on the date on which the triggering event occurred.
(3) Article 10 of the 1995 Order (civil penalties) applies to a person who fails to comply with subsection (1).