Regulation 6 Amendment of the FAS Information and Payments Regulations

(1)

The FAS Information and Payments Regulations shall be amended in accordance with this regulation.

(2)

Regulation 2(1) (interpretation) is amended as follows—

(a)

for the definition of “potential beneficiary” substitute—

““potential beneficiary” means any person—

(a)

in respect of whom the information determined in accordance with the fourth item of the table in paragraph 1(2) of Schedule 1 is to be provided to the scheme manager in accordance with regulation 3(3)(a); but

(b)

who has not yet been determined to be a beneficiary;”; and

(b)

in the definition of “survivor”—

(i)

after “a member” insert “or former member”; and

(ii)

after “member's”, in each place that it occurs, insert “or former member's”.

(3)

In regulation 3(3) (information to be provided by, and to, appropriate persons)—

(a)

in sub-paragraph (a) for “and” substitute “or”; and

(b)

for sub-paragraph (b) substitute—

“(b)

all potential beneficiaries,”.

(4)

In paragraph 1(2) of Schedule 1 (information to be provided by appropriate persons)—

(a)

for “and members or former members” substitute “or all potential beneficiaries”;

(b)

in column 2 of the fourth item of the table in that paragraph (which begins “In relation to each member”)—

(i)

after “former member” insert “, or any survivor of a member or former member,”;

(ii)

in paragraphs (e) and (i) after “member” insert “or former member”;

(iii)

in paragraph (g) for “he was” substitute “the member or former member is, or was,”; and

(iv)

in paragraph (k) for “the member” substitute “him”; and

(c)

for the words contained in column 1 of the fifth item of that table (which begins “All current members”) substitute “All potential beneficiaries”.

(5)

In the table in paragraph 1 of Schedule 2 (information to be provided by beneficiaries and potential beneficiaries), in paragraph (c) of column 2 of the first item, for “the member's” substitute “his”.