The Occupational Pension Schemes (Master Trusts) Regulations (Northern Ireland) 2022 (revoked)

S.R. 2022/121 · Made 16 March 2022 · Extends to Northern Ireland

Contents

1. 1Citation and commencement Repealed
2. 2Interpretation and notices Repealed
3. 3Connected employers Repealed
4. 4Application for authorisation Repealed
5. 5Fit and proper persons requirement Repealed
6. 6Financial sustainability requirement Repealed
7. 7Financial sustainability requirement: business plan Repealed
8. 8Scheme funder requirements: activities Repealed
9. 9Scheme funder requirements: accounts Repealed
10. 10Systems and processes requirements Repealed
11. 11Continuity strategy: administration charges Repealed
12. 12Continuity strategy: information Repealed
13. 13Supervisory return: contents Repealed
14. 14Significant events: notifying the Regulator Repealed
15. 15Fixed and escalating penalties Repealed
16. 16Triggering events: notification requirements Repealed
17. 17Implementation strategy: approval Repealed
18. 18Implementation strategy: administration charges Repealed
19. 19Implementation strategy: content Repealed
20. 20Continuity option 1: transfer out and winding up Repealed
21. 21Continuity option 2: resolving triggering event Repealed
22. 22Periodic reporting requirement Repealed
23. 23Fraud compensation Repealed
24. 24Pause orders Repealed
25. 25Administration charges Repealed
26. 26Application of Part 1 of the Act Repealed
27. 27Application of Part 1 of the Act Repealed
28. 28Application of Part 1 of the Act Repealed
29. 29Application of Part 1 of the Act Repealed
30. 30Amendment of the Companies Act Repealed
31. 31Amendment of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations Repealed
32. 32Amendment of the Overseas Companies Regulations Repealed
33. Signature
34. Schedule 1: FIT AND PROPER PERSONS REQUIREMENT Repealed
35. 1Paragraph 1 Repealed
36. 2Paragraph 2 Repealed
37. 3Paragraph 3 Repealed
38. 4Paragraph 4 Repealed
39. Schedule 2: FINANCIAL SUSTAINABILITY REQUIREMENT Repealed
40. Part 1: Matters which the Regulator must take into account Repealed
41. 1Paragraph 1 Repealed
42. 2Paragraph 2 Repealed
43. 3Paragraph 3 Repealed
44. 4Paragraph 4 Repealed
45. Part 2: Requirements to be met by Master Trust schemes and scheme funders Repealed
46. 5Paragraph 5 Repealed
47. 6Paragraph 6 Repealed
48. Schedule 3: THE BUSINESS PLAN Repealed
49. Part 1: Information to be included in the business plan Repealed
50. General Repealed
51. 1Paragraph 1 Repealed
52. 2Paragraph 2 Repealed
53. 3Paragraph 3 Repealed
54. 4Paragraph 4 Repealed
55. 5Paragraph 5 Repealed
56. Information about the Master Trust scheme Repealed
57. 6Paragraph 6 Repealed
58. 7Paragraph 7 Repealed
59. 8Paragraph 8 Repealed
60. 9Paragraph 9 Repealed
61. 10Paragraph 10 Repealed
62. 11Paragraph 11 Repealed
63. 12Paragraph 12 Repealed
64. 13Paragraph 13 Repealed
65. 14Paragraph 14 Repealed
66. 15Paragraph 15 Repealed
67. 16Paragraph 16 Repealed
68. Information about scheme funders Repealed
69. 17Paragraph 17 Repealed
70. 18Paragraph 18 Repealed
71. 19Paragraph 19 Repealed
72. Information about the scheme strategist Repealed
73. 20Paragraph 20 Repealed
74. Information following a triggering event Repealed
75. 21Paragraph 21 Repealed
76. Part 2: Requirements relating to the business plan to be set out in a Code Repealed
77. 22Paragraph 22 Repealed
78. 23Paragraph 23 Repealed
79. 24Paragraph 24 Repealed
80. 25Paragraph 25 Repealed
81. 26Paragraph 26 Repealed
82. 27Paragraph 27 Repealed
83. Schedule 4: SYSTEMS AND PROCESSES REQUIREMENTS Repealed
84. Features and functionality of IT systems Repealed
85. 1Paragraph 1 Repealed
86. Standards required of IT systems Repealed
87. 2Paragraph 2 Repealed
88. Maintenance of IT systems Repealed
89. 3Paragraph 3 Repealed
90. Member records Repealed
91. 4Paragraph 4 Repealed
92. Trustees and others Repealed
93. 5Paragraph 5 Repealed
94. Contracts and service providers Repealed
95. 6Paragraph 6 Repealed
96. Risk management Repealed
97. 7Paragraph 7 Repealed
98. Security Repealed
99. 8Paragraph 8 Repealed
100. Resource planning Repealed
101. 9Paragraph 9 Repealed
102. Investments Repealed
103. 10Paragraph 10 Repealed
104. Member communication Repealed
105. 11Paragraph 11 Repealed
106. Schedule 5: CONTINUITY OPTION 1: TRANSFER OUT AND WINDING UP Repealed
107. Interpretation Repealed
108. 1Paragraph 1 Repealed
109. Calculation of cash equivalent Repealed
110. 2Paragraph 2 Repealed
111. Trustees’ powers Repealed
112. 3Paragraph 3 Repealed
113. Trustees’ first notice to employers and members Repealed
114. 4Paragraph 4 Repealed
115. Employer’s response to trustees Repealed
116. 5Paragraph 5 Repealed
117. Trustees’ second notice to members Repealed
118. 6Paragraph 6 Repealed
119. Member’s response to trustees Repealed
120. 7Paragraph 7 Repealed
121. Trustees’ duty to transfer Repealed
122. 8Paragraph 8 Repealed
123. Notice of expected transfer date Repealed
124. 9Paragraph 9 Repealed
125. Transfer requirements: choice of arrangements Repealed
126. 10Paragraph 10 Repealed
127. Requirements to be met by default schemes Repealed
128. 11Paragraph 11 Repealed
129. Trustees’ power to transfer otherwise than to a scheme Repealed
130. 12Paragraph 12 Repealed
131. Administration charges Repealed
132. 13Paragraph 13 Repealed
133. Future contributions Repealed
134. 14Paragraph 14 Repealed
135. Cessation of accruals Repealed
136. 15Paragraph 15 Repealed
137. Winding up Repealed
138. 16Paragraph 16 Repealed
139. Regulator’s power to direct Repealed
140. 17Paragraph 17 Repealed
141. Civil penalties Repealed
142. 18Paragraph 18 Repealed
143. Explanatory note