PART 1Collective money purchase benefits
Ongoing supervision
I1I227Requirement to submit supervisory return
1
The Pensions Regulator may by notice require the trustees of a collective money purchase scheme to submit a supervisory return.
2
The Secretary of State may make regulations setting out the information that the Pensions Regulator may require in a supervisory return.
3
The notice must specify—
a
the information required to be included in the return,
b
the manner and form in which the return must be submitted, and
c
the period (of at least 28 days) within which the return must be submitted.
4
The trustees of a collective money purchase scheme may not be required to submit a supervisory return more than once in any 12 month period.
5
Section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee who fails to submit a supervisory return when required to do so.
6
Regulations under subsection (2) are subject to negative resolution procedure.