Regulation 8 Review of Part V (governance of relevant schemes) of the Occupational Pension Schemes (Scheme Administration) Regulations 1996

(1)

The Secretary of State must from time to time—

(a)

carry out a review of regulations 22 to 29^f1 of the Occupational Pension Schemes (Scheme Administration) Regulations 1996 (including relevant definitions);

(b)

set out the conclusions of the review in a report; and

(c)

publish the report.

(2)

The report must in particular—

(a)

set out the objectives intended to be achieved by the regulatory system established by the regulations referred to in paragraph (1)(a);

(b)

assess the extent to which those objectives are achieved; and

(c)

assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved with a system that imposes less regulation.

(3)

The first report under this regulation must be published before the end of the period of five years beginning with the day on which these Regulations come into force.

(4)

Reports under this regulation are afterwards to be published at intervals not exceeding five years.

Annotations

Footnotes

f1: Regulations 22 to 29 were inserted by the 2015 Regulations, regulation 16 to 23, which also include relevant definitions.