Regulation 5 Notice of proposed restricted funds reorganisation scheme
On receipt of an application under section 43A of the 2005 Act in relation to large or small restricted funds, OSCR must publish a notice about the proposed restricted funds reorganisation scheme on its website.
The notice must be published on OSCR’s website for a period, to be determined by OSCR, of not fewer than 28 days and not more than 42 days.
The notice must—
include details of the proposed restricted funds reorganisation scheme;
advise that any person who wishes to make a representation to OSCR, either supporting or opposing the proposed scheme, may do so in accordance with regulation 7; and
specify the deadline for making representations to OSCR.
The day to be specified as the deadline for making representations to OSCR is the day falling 14 days after the final day on which the notice is to be published on OSCR’s website.