Deferred choice decision to be made by a person other than M N.I.
14.—(1) This regulation applies where a person other than M is the deferred choice decision-maker.
(2) A deferred choice decision may only be made during the period—
(a)beginning, where the deferred choice decision-maker is—
(i)a person other than the scheme manager, on the date a remediable service statement is provided under regulation 4(2)(c)(i);
(ii)the scheme manager, on the date the scheme manager receives notice that M has died, and
(b)ending—
(i)at the end of the day 12 months after that date,
(ii)except where the scheme manager is the deferred choice decision-maker, at such later time as the scheme manager considers reasonable in all the circumstances, or
(iii)if earlier than the time which applies under paragraph (i) or (ii), immediately after a deferred choice decision is made.
(3) A deferred choice decision made by a person other than M is irrevocable.
Commencement Information
I1Reg. 14 in operation at 1.10.2023, see reg. 1