Applications for fraud compensation payments5

1

An application for fraud compensation payments under Article 165(1)(d) must—

a

be made in writing by a person specified in paragraph (2), and

b

must contain all of the information specified in paragraph (3), other than any such information which the Board already has and in such a case the application need not contain that information.

2

Subject to paragraph (5), an application must be made by—

a

the trustees or managers of the scheme, or their representative;

b

a person connected with the administration of, or the provision of benefits under, the scheme, or his representative, or

c

a member of, or beneficiary under, the scheme, or his representative.

3

An application must contain—

a

the name and address of the person making the application and, where relevant, of the person on behalf of whom the application is made;

b

the name, address and pension scheme registration number of the scheme;

c

the name and address, or location of a place of business, of the employer in relation to the scheme;

d

details of the type of benefits provided;

e

the date of the qualifying insolvency event referred to in Article 165(2)(a) or the date an employer was unlikely to continue as a going concern;

f

the date the loss was discovered, and

g

any additional information the Board may consider appropriate in the circumstances.

4

In the case of a stakeholder pension scheme paragraph (3)(c) and (e) shall not apply where there is no employer in relation to the scheme.

5

In the case of—

a

a section of a segregated scheme, or a segregated part, applications must be made by—

i

the trustees or managers with ultimate responsibility for the section, or the segregated part, or their representative;

ii

a person connected with the administration of, or provision of benefits under the section, or the segregated part, or his representative, or

iii

a member of, or beneficiary under the section, or the segregated part, or his representative;

b

an unsecured part of a partially guaranteed scheme, for the purposes of paragraph (2)(c), an application may be made only by a member or beneficiary of the unsecured part or his representative.