PART XIVU.K. PENSION SCHEMES, SOCIAL SECURITY BENEFITS, LIFE ANNUITIES ETC.

CHAPTER IU.K. RETIREMENT BENEFIT SCHEMES

Supplementary provisionsU.K.

604 Application for approval of a scheme.U.K.

M1(1)An application for the approval for the purposes of this Chapter of any retirement benefits scheme shall be made in writing by [F1the appropriate applicant] to the Board before the end of the first year of assessment for which approval is required, and shall be accompanied by—

(a)two copies of the instrument or other document constituting the scheme; and

(b)two copies of the rules of the scheme and, except where the application is being sought on the setting up of the scheme, two copies of the accounts of the scheme for the last year for which such accounts have been made up; and

(c)such other information and particulars (including copies of any actuarial report or advice given to the [F2appropriate applicant,] administrator or employer in connection with the setting up of the scheme) as the Board may consider relevant.

[F3(1A)In subsection (1) above “the appropriate applicant” means—

(a)in the case of a trust scheme, the trustee or trustees of the scheme; and

(b)in the case of a non-trust scheme, the scheme sponsor or scheme sponsors;

and subsection (9) of section 611AA applies for the purposes of this subsection as it applies for the purposes of that section.]

(2)The form in which an application for approval is to be made, or in which any information is to be given, in pursuance of this section may be prescribed by the Board.

Textual Amendments

F1Words in s. 604(1) substituted (with effect in accordance with Sch. 15 para. 3(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 15 para. 3(1)(a)

F2Words in s. 604(1)(c) inserted (with effect in accordance with Sch. 15 para. 3(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 15 para. 3(1)(b)

F3S. 604(1A) inserted (with effect in accordance with Sch. 15 para. 3(3) of the amending Act) by Finance Act 1998 (c. 36), Sch. 15 para. 3(2)

Marginal Citations

M1Source-1970(F) Sch.5 Part II 6, 7, 8, 9; 1987 (No.2), Sch.3 11, 13-15