32.—(1) Part II of the 1995 Order (occupational pension schemes) is amended as follows.
(2) In Article 22 (circumstances in which provisions relating to independent trustees apply)—
(a)in paragraph (1)(b) omit “or” at the end of head (i) and after that head insert—
“(ia)the interim receiver of the property of a person who is the employer in relation to the scheme, or”,
(b)in paragraph (2), after “a scheme” insert “by virtue of paragraph (1)”,
(c)after paragraph (2) insert—
“(2A) To the extent that it does not already apply by virtue of paragraph (1), this Article also applies in relation to a trust scheme—
(a)at any time during an assessment period (within the meaning of Article 116 of the Pensions (Northern Ireland) Order 2005) in relation to the scheme, and
(b)at any time, not within sub-paragraph (a), when the scheme is authorised under Article 137 of that Order (closed schemes) to continue as a closed scheme.”, and
(d)after paragraph (2A) (inserted by sub-paragraph (c)) insert—
“(2B) The responsible person must, as soon as reasonably practicable, give notice of an event within paragraph (2C) to—
(a)the Authority,
(b)the Board of the Pension Protection Fund, and
(c)the trustees of the scheme.
(2C) The events are—
(a)the practitioner beginning to act as mentioned in paragraph (1)(a), if immediately before he does so this Article does not apply in relation to the scheme;
(b)the practitioner ceasing to so act, if immediately after he does so this Article does not apply in relation to the scheme;
(c)the official receiver beginning to act in a capacity mentioned in paragraph (1)(b)(i), (ia) or (ii), if immediately before he does so this Article does not apply in relation to the scheme;
(d)the official receiver ceasing to act in such a capacity, if immediately after he does so this Article does not apply in relation to the scheme.
(2D) For the purposes of paragraph (2B) “the responsible person” means—
(a)in the case of an event within paragraph (2C)(a) or (b), the practitioner, and
(b)in the case of an event within paragraph (2C)(c) or (d), the official receiver.
(2E) Regulations may require prescribed persons in prescribed circumstances where this Article begins or ceases to apply in relation to a trust scheme by virtue of paragraph (2A) to give a notice to that effect to—
(a)the Authority,
(b)the Board of the Pension Protection Fund, and
(c)the trustees of the scheme.
(2F) A notice under paragraph (2B), or under regulations under paragraph (2E), must be in writing and contain such information as may be prescribed.”.
(3) For Articles 23 and 24 (appointment of independent trustees) substitute—
23.—(1) While Article 22 applies in relation to a trust scheme, the Authority may by order appoint as a trustee of the scheme a person who—
(a)is an independent person in relation to the scheme, and
(b)is registered in the register maintained by the Authority in accordance with regulations under paragraph (4).
(2) In relation to a particular trust scheme, no more than one trustee may at any time be an independent trustee appointed under paragraph (1).
(3) For the purposes of this Article a person is independent in relation to a trust scheme only if—
(a)he has no interest in the assets of the employer or of the scheme otherwise than as trustee of the scheme,
(b)he is neither connected with, nor an associate of—
(i)the employer,
(ii)any person for the time being acting as an insolvency practitioner in relation to the employer, or
(iii)the official receiver acting in any of the capacities mentioned in Article 22(1)(b) in relation to the employer, and
(c)he satisfies any prescribed requirements;
and any reference in this Part to an independent trustee is to be construed accordingly.
(4) Regulations must provide for the Authority to compile and maintain a register of persons who satisfy the prescribed conditions for registration.
(5) Regulations under paragraph (4) may provide—
(a)for copies of the register or of extracts from it to be provided to prescribed persons in prescribed circumstances;
(b)for the inspection of the register by prescribed persons in prescribed circumstances.
(6) The circumstances which may be prescribed under paragraph (5)(a) or (b) include the payment by the person to whom the copy is to be provided, or by whom the register is to be inspected, of such reasonable fee as may be determined by the Authority.
(7) This Article is without prejudice to the powers conferred by Article 7.”.
(4) In Article 25 (appointment and powers of independent trustees: further provisions)—
(a)for paragraph (4)(a) substitute—
“(a)he must as soon as reasonably practicable give written notice of that fact to the Authority, and”,
(b)after paragraph (5) insert—
“(5A) Article 10 applies to any person who, without reasonable excuse, fails to comply with paragraph (4)(a).”, and
(c)for paragraph (6) substitute—
“(6) An order under Article 23(1) may provide for any fees and expenses of the trustee appointed under the order to be paid—
(a)by the employer,
(b)out of the resources of the scheme, or
(c)partly by the employer and partly out of those resources.
(7) Such an order may also provide that an amount equal to the amount (if any) paid out of the resources of the scheme by virtue of paragraph (6)(b) or (c) is to be treated for all purposes as a debt due from the employer to the trustees of the scheme.
(8) Where, by virtue of paragraph (6)(b) or (c), an order makes provision for any fees or expenses of the trustee appointed under the order to be paid out of the resources of the scheme, the trustee is entitled to be so paid in priority to all other claims falling to be met out of the scheme’s resources.”.