Amendment of the Occupational Pension Schemes (Scheme Administration) Regulations 19962
1
The Occupational Pension Schemes (Scheme Administration) Regulations 19964 are amended as follows.
2
In regulation 45 (qualifications and experience or approval required for appointment as the auditor or actuary)—
a
at the beginning of paragraph (2)(d), insert “subject to paragraph (3),”;
b
after paragraph (2) insert—
3
Paragraph (2)(d) does not apply in relation to the accounts and auditor’s statement for a relevant scheme for a scheme year—
a
in which, on the first day of that scheme year, the scheme has at least 500 participating employers; or
b
which immediately precedes a scheme year in which sub-paragraph (a) is satisfied.
4
In paragraph (3), “relevant scheme” means a trust scheme which applies to earners in employment under different employers.