PART 1Collective money purchase benefits
Authorisation
I18Application for authorisation
1
The trustees of a collective money purchase scheme may apply to the Pensions Regulator for authorisation.
2
An application must be made in the manner and form specified by the Pensions Regulator.
3
An application must include—
a
the scheme's viability report and viability certificate (see section 13), and
b
the scheme's continuity strategy (see section 17).
4
The Secretary of State may by regulations—
a
specify other information that must be included in an application;
b
require a fee to be paid to the Pensions Regulator in respect of an application.
5
In considering an application, the Pensions Regulator may take into account any matters it considers appropriate, including—
a
additional information provided by the applicant, and
b
subsequent changes to the application or to any information provided by the applicant.
6
Regulations under subsection (4) are subject to negative resolution procedure.