Amendment of regulation 7 of the Occupational Pension Schemes Disclosure Regulations
11. In regulation 8 of the Occupational Pension Schemes Disclosure Regulations (actuarial valuation and statement)—
(a)in paragraph (5) after the words “as soon as reasonably practicable” there shall be inserted the words “and, in any event, not more than 2 years”;
(b)in paragraph (8), after sub-paragraph (b), there shall be inserted the following sub-paragraph—
“(bb)in relation to members whose pensionable service was continuing on the effective date and who had not accrued any rights under the scheme on that date because the length of their service was too short, the accrued rights and liabilities referred to in paragraph 1 of the statement shall mean respectively the accrued rights to, and the liabilities to provide, benefits for each member himself and his survivors which would have been payable from normal pension age or from his”
(c)for paragraph (9) there shall be substituted the following paragraph—
“(9) Where the trustees have sought and obtained an actuarial valuation (whether in accordance with the foregoing provisions of this regulation or otherwise), within 3 months of it being obtained by them they shall make available copies of it to the persons and trade unions, and in the circumstances, specified in paragraphs (10) to (12).”.