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.