Amendments to the Disclosure Regulations5
1
The Disclosure Regulations are amended as follows.
2
In regulation 12 (annual report)—
a
in paragraph (1), before “given in accordance”, insert “
(subject to paragraph (5))
”
; and
b
after paragraph (4) insert—
F15
Where section 35 of the 1995 Act applies to a scheme the following information must be made publicly available free of charge in accordance with regulation 29A—
a
the information listed in paragraph 30(ca) of Schedule 3 but only if the scheme is not a relevant scheme within the meaning of regulation 1(2) (interpretation) of the Occupational Pension Schemes (Scheme Administration) Regulations 1996; or
b
the information listed in paragraph 30(f) of that Schedule but only if the scheme is a relevant scheme within the meaning of that regulation.
3
In the heading to regulation 29A (publishing charges and transaction costs), at the end, insert “
and other relevant information
”
.
4
In regulation 29A—
a
in paragraph (1), after “paragraph (2)”, insert “
and, where that scheme falls within section 35 of the 1995 Act, paragraph (2A)
”
;
b
after paragraph (2) insert—
2A
The specified information is—
a
the latest statement of investment principles governing decisions about investments prepared for the scheme under section 35 of the 1995 Act; and
b
the information which must be included in the most recent document prepared under regulation 12 in accordance with paragraph 30(f) of Schedule 3.
F2c
in paragraph (4), after “paragraph (2)”, insert “, (2A) or (2B)”.
5
In paragraph 30 of Schedule 3 (information to be given on request)—
a
b
omit sub-paragraph (e); and
c
after sub-paragraph (e) insert—
f
where the scheme is a relevant scheme within the meaning of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, a statement which must—
i
set out how, and the extent to which, in the opinion of the trustees, the statement of investment principles required under section 35 of the 1995 Act has been followed during the year,
ii
describe any review of the statement of investment principles undertaken during the year in accordance with regulation 2(1) of the Investment Regulations and any other review of how the statement of investment principles has been met,
iii
explain any change made to the statement of investment principles during the year and the reason for the change, and
iv
where no such review was undertaken during the year in accordance with regulation 2(1) of the Investment Regulations, give the date of the last review.
F5v
describe the voting behaviour by, or on behalf of, trustees (including the most significant votes cast by trustees or on their behalf) during the year and state any use of the services of a proxy voter during that year.