PART 13Scheme Funding
Provision of summary funding statement in relation to schemes treated as money purchase: periods on and after the appointed day66.
Where—
(a)
immediately before the appointed day, the conditions specified in regulation 62(2) are met in relation to an occupational pension scheme, and
(b)
the trustees or managers of the scheme would, if it were not for this regulation, be required to provide a summary funding statement to members and beneficiaries in accordance with regulation 15(1) of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 M1,
the trustees or managers of the scheme must provide the first summary funding statement to all members and beneficiaries of the scheme on, before or within a reasonable period after, the date by which they are required under Article 203(3)(a) of the 2005 Order (as modified by regulation 64 of these Regulations) to ensure that they receive the first actuarial valuation in relation to the scheme.