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The Occupational Pension Schemes (Independent Trustee) Regulations 1997
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- UK Statutory Instruments
- 1997 No. 252
- Regulation 2
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Additional requirement for independent trustee
2. For the purposes of section 23(3) of the 1995 Act (which sets out the requirements which must be satisfied for a person to be an independent trustee) the prescribed requirements are—
(a)that the person—
(i)has not provided services in relation to the scheme to the trustees or the employer at any time since the day which fell 3 years before section 22 of that Act started to apply in relation to the scheme; and
(ii)is not connected with, nor an associate of, a person who has provided such services since that day; and
(b)that the person—
(i)has had no interest in the assets of the employer or of the scheme (otherwise than as a trustee of the scheme) at any time since the day referred to in sub-paragraph (a); and
(ii)is neither connected with, nor an associate of a person who has such an interest or has had at any time since that day.
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