PART 3STATEMENT OF STRATEGY

Requirements for chair of trustees

15.  A chair of the trustees who signs a statement of strategy prepared for a trust scheme(1) on behalf of the trustees under Article 200B(6) (statement of strategy) must be—

(a)an individual who is a trustee of the scheme;

(b)a professional trustee body which is a trustee of the scheme, or

(c)where a company which is not a professional trustee body is a trustee of the scheme, an individual who is a director of that company and through whom the company exercises its functions as trustee of the scheme, or a professional trustee body which is a director of that company.

(1)

See the definition of “trust scheme” in Article 121(1) of the Pensions (Northern Ireland) Order 1995; see also Article 212 of the Pensions (Northern Ireland) Order 2005