Form and content of audited scheme accounts E+W+S

25.  The prescribed requirements referred to in section 151(9)(b) (application for reconsideration) which are to apply in respect of the preparation of audited scheme accounts are that those accounts shall—

(a) contain the information specified in the Schedule;

(b) show a [F1 true and fair view] of—

(i) the financial transactions of the scheme during the period to which the accounts relate (“the accounting period”);

(ii) the amount and disposition of the assets at the end of the accounting period; and

(iii) the liabilities of the scheme, other than the liabilities to pay pensions and benefits, after the end of the accounting period; and

(c) include a report by the auditor in writing as to whether or not in his opinion the requirements of paragraphs (a) and (b) above are satisfied.

Textual Amendments

F1 Words in reg. 25(b) substituted (1.4.2009) by The Pension Protection Fund (Miscellaneous Amendments) Regulations 2009 (S.I. 2009/451), regs. 1, 2(6)