The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014

5.  In the Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations (Northern Ireland) 1997(1)—

(a) in regulation 2 (requirement of trustees or managers to obtain documents) after paragraph (2)(2) insert—

“(2AA) Information may be made available under paragraph (2) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations (Northern Ireland) 2014 (giving information and documents).”;

(b) in the Schedule (contents of accounts audited by the auditor of the scheme)—

(i) in paragraph 5(3) for “Where the” substitute “Except in relation to a trust scheme that applies to earners in employments under different employers, where the”;

(ii) after paragraph 5 insert—

“5A.— (1) Where the scheme is a trust scheme that applies to earners in employments under different employers, a statement in accordance with paragraph 5 or a statement—

(a) listing the 100 largest investments by value held by the scheme at the end of the scheme year and stating what percentage of the resources of the scheme each such investment represents;

(b) identifying which of the investments mentioned in head (a) are employer-related investments;

(c) if, as at the end of the scheme year, more than 5 per cent. of the resources of the scheme are invested in employer-related investments in contravention of Article 40(1)(4) of the Order, listing the employer-related investments and the employer concerned.

(2) In sub-paragraph (1), “employer-related investments” has the same meaning as in the definition in Article 40(2) of the Order but as if the following words in that definition were omitted—

(a) in paragraph (a) “or by any person who is connected with, or an associate of, the employer”; and

(b) “or any such person” in each place where they occur.”.

(1)

S.R. 1997 No. 40; relevant amending Regulations are S.R. 1997 No. 544, S.R. 2005 No. 421 and S.R. 2006 No. 141

(2)

Paragraph (2) was substituted by regulation 2(3)(b) of S.R. 2005 No. 421

(3)

Paragraph 5 was substituted by regulation 6 of S.R. 1997 No. 544 and was amended by regulation 2 of S.R. 2006 No. 141

(4)

Article 40 was amended by paragraph 45 of Schedule 10 to the Pensions (Northern Ireland) Order 2005, Article 152(2) of S.I. 2001/3649 and Article 26 of S.I. 2004/355