| Guvnor

Status: In Force
Penalty ceiling: Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trustee5 Any Person2

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Trustee — also bound by 104 other Acts

The Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 79 duties

The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 40 duties

Charities Act 2011 27 duties

Charities Act (Northern Ireland) 2008 22 duties

Insolvency (England and Wales) Rules 2016 21 duties

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Citation, commencement and interpretation

0 of 2 sections shown

2 other sections in this Part — procedural and definitional

s.001 Citation and commencement

s.002 Interpretation

Part 2

Schemes not in wind up

5 of 9 sections shown

s.004 Schemes that are subject to Part 3 of the 2004 Act – determination of assets and liabilities Regulated

Trustees must value scheme assets/liabilities before paying employerTrustee

s.005 Schemes that are subject to Part 3 of the 2004 Act – valuation of assets and liabilities Regulated

Actuary must value pension scheme assets and liabilities using prescribed methodAny Person

s.007 Schemes that are subject to Part 3 of the 2004 Act – valuation certificate and amount of payment to employer Regulated

Prepare a valuation certificate when pension scheme assets exceed liabilitiesAny Person

s.010 Notification to members Regulated

Notify pension scheme members of proposed payment to employerTrustee

s.011 Notification to the Regulator Regulated

Notify The Pensions Regulator of employer payments within one weekTrustee

4 other sections in this Part — procedural and definitional

s.003 Schemes not in wind up

s.006 Prescribed persons for the purposes of section 37(3)(a) of the 1995 Act

s.008 Earmarked schemes

s.009 Period for which a valuation certificate is to remain in force

Part 3

Exemptions, transitional provisions and modifications

0 of 3 sections shown

3 other sections in this Part — procedural and definitional

s.012 Exemptions

s.013 Transitional

s.014 Modifications in relation to earmarked schemes

Part 4

Schemes in wind up

3 of 3 sections shown

s.015 Notice of proposal to distribute excess assets to the employer Regulated

Notify members before distributing excess pension assets to the employerTrustee

s.016 Circumstances in which the Regulator must be satisfied that requirements of section 76 of the 1995 Act are met Regulated

Other duties (1) — Crown / regulator

Regulator may stop employer payments from surplus pension funds if objections raisedStatutory regulator

s.017 Additional requirement for purposes of section 76 of the 1995 Act Regulated

Obtain written confirmation from the Pensions Regulator before distributing surplus assetsTrustee

Part 5

Multi-employer schemes

0 of 1 section shown

1 other section in this Part — procedural and definitional

s.018 Schemes with more than one employer

Part 6

Revocations