Occupational Pension Schemes (Scheme Administration) Regulations 1996

s.001

Citation, commencement and interpretation

s.001

Scope

s.002

Appointment of professional advisers by trustees or managers

s.002

General Interpretation

s.003

Exemptions from the professional advisers requirements

s.003

Meaning of “FM provider”, “in-scope FM provider”, “continuing in-scope FM provider”, “out-of-scope FM provider”, “manageable assets” and related expressions

s.004

Qualifications and experience or approval required for appointment as the auditor or actuary

s.004

The asset management threshold

s.005

Manner and terms of appointment and removal of professional advisers

s.005

Meaning of “qualifying tender process”

s.006

Duty to disclose information

s.006

Appointment of service providers in respect of relevant schemes

s.006

Application of Part 2

s.007

Ineligibility to act as actuary or auditor

s.007

Duty of trustees to carry out a qualifying tender process in connection with continued use of continuing in-scope FM providers

s.008

Meaning of trustee of a trust scheme

s.008

Duty of trustees of a relevant scheme to carry out a qualifying tender process in connection with appointment, or change to the mandate, of an in-scope FM provider

s.009

Exemption from the requirement to give notice of an occasion when a specified number of trustees must be present for a decision

s.009

Duty of the trustees to carry out a qualifying tender process in respect of arrangements with existing FM providers not appointed following a relevant tender process

s.010

Manner of, and time for giving, notice when a specified number of trustees must be present for a decision

s.010

Notification to FM providers

s.011

Exemption from the requirement for money to be kept by the trustees

s.012

Requirement for trustees to keep books and records

s.013

Records of trustees’ meetings

s.014

Period for which books and records must be kept

s.015

Employer to make payments of benefits into a separate account

s.016

Prescribed time in which an employer must make payments to trustees or managers

s.016

Exemptions from the requirement to notify the Authority or the member of a late contribution payment

s.017

Exemption from requirement to secure a payment schedule

s.018

Amounts to be shown in a payment schedule

s.019

Requirements which a payment schedule must satisfy

s.020

Period within which notice must be given

s.021

Circumstances where notice of non-payment of any amount payable to a scheme need not be given

s.022

Duty to appoint a chair of the trustees or managers

s.023

Annual statement regarding governance

s.024

Requirements for processing financial transactions

s.025

Assessment of charges and transaction costs

s.025

Assessment of asset allocation

s.026

Annual statement regarding governance: relevant multi-employer schemes

s.027

Appointment of trustees

s.028

Appointment of trustees: trustees who are non-affiliated

s.029

Representation of members

s.030

Scope of Part 6

s.031

General interpretation

s.032

Time at which services are provided

s.033

Duties of trustees to carry out tender process in connection with the provision of fiduciary management services by FM providers

s.034

Meaning of “IC provider”, “existing IC provider” and related expressions

s.035

Duty to set objectives for IC providers

s.036

Duty to review performance of IC providers

s.037

Compliance notice

s.038

Third party compliance notice

s.039

Penalty notices

s.040

Penalty notices: recovery of penalty

s.041

Penalty notices: recovery of penalty from bodies corporate and Scottish partnerships

s.042

Service of notices

s.043

Review of notices

s.044

Reference to the Upper Tribunal