The Pensions Dashboards (No. 2) Regulations (Northern Ireland) 2023

Connection where these Regulations cease to apply and then apply again N.I.

19.—(1) Paragraph (2) applies in cases where—

(a) Parts 3 and 4 cease to apply to trustees or managers of a pension scheme, on account of an exception in regulation 3(4)(a), (b) or (c) applying, and

(b) Parts 3 and 4 subsequently apply again to those trustees or managers, on account of an exception in regulation 3(4)(a), (b) or (c) no longer applying (referred to in this regulation as the scheme “coming back into scope of the Regulations”).

(2) On coming back into scope of the Regulations, the deadline for connecting to the Money and Pensions Service is to be whichever is the later of the following—

(a) 6 months from the end of the scheme year end in which the scheme comes back into scope, or

(b) the deadline for connecting to the Money and Pensions Service that applied previously, under whichever of regulation 15 to 18 or 20 is relevant in the circumstances.

(3) Once a deadline applies pursuant to paragraph (2), the deadline remains fixed, unless—

(a) permission to defer connection is given under regulation 17 (in which case the rules in that provision apply instead), or

(b) all the members of the scheme become pensioner members.

(4) Trustees or managers must—

(a) register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(c);

(b) connect the pension scheme to the Money and Pensions Service by no later than the deadline pursuant to paragraph (2), in compliance with the standards referred to in regulation 15(2)(b) and having regard to the guidance referred to in regulation 15(2)(c);

(c) meet the requirements in regulation 15(3) and (4).

Commencement Information

I1 Reg. 19 in operation at 8.12.2023, see reg. 1