The Occupational Pension Schemes (Master Trusts) (No. 2) Regulations (Northern Ireland) 2023 (revoked)

S.R. 2023/148 · Made 26 September 2023 · 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1. 1Citation and commencement Repealed
2. 2Interpretation and notices Repealed
3. 3Connected employers Repealed
4. 4Application for authorisation Repealed
5. 5Fit and proper persons requirement Repealed
6. 6Financial sustainability requirement Repealed
7. 7Financial sustainability requirement: business plan Repealed
8. 8Scheme funder requirements: activities Repealed
9. 9Scheme funder requirements: accounts Repealed
10. 10Systems and processes requirements Repealed
11. 11Continuity strategy: administration charges Repealed
12. 12Continuity strategy: information Repealed
13. 13Supervisory return: contents Repealed
14. 14Significant events: notifying the Regulator Repealed
15. 15Fixed and escalating penalties Repealed
16. 16Triggering events: notification requirements Repealed
17. 17Implementation strategy: approval Repealed
18. 18Implementation strategy: administration charges Repealed
19. 19Implementation strategy: content Repealed
20. 20Continuity option 1: transfer out and winding up Repealed
21. 21Continuity option 2: resolving triggering event Repealed
22. 22Periodic reporting requirement Repealed
23. 23Fraud compensation Repealed
24. 24Pause orders Repealed
25. 25Administration charges Repealed
26. 26Application of Part 1 of the Act Repealed
27. 27Application of Part 1 of the Act Repealed
28. 28Application of Part 1 of the Act Repealed
29. 29Application of Part 1 of the Act Repealed
30. 30Amendment of the Companies Act Repealed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31Amendment of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations Repealed
32. 32Amendment of the Overseas Companies Regulations Repealed
33. 33Revocation Repealed
34. Signature
35. Schedule 1: FIT AND PROPER PERSONS REQUIREMENT Repealed
36. 1Paragraph 1 Repealed
37. 2Paragraph 2 Repealed
38. 3Paragraph 3 Repealed
39. 4Paragraph 4 Repealed
40. Schedule 2: FINANCIAL SUSTAINABILITY REQUIREMENT Repealed
41. Part 1: Matters which the Regulator must take into account Repealed
42. 1Paragraph 1 Repealed
43. 2Paragraph 2 Repealed
44. 3Paragraph 3 Repealed
45. 4Paragraph 4 Repealed
46. Part 2: Requirements to be met by Master Trust schemes and scheme funders Repealed
47. 5Paragraph 5 Repealed
48. 6Paragraph 6 Repealed
49. Schedule 3: THE BUSINESS PLAN Repealed
50. Part 1: Information to be included in the business plan Repealed
51. General Repealed
52. 1Paragraph 1 Repealed
53. 2Paragraph 2 Repealed
54. 3Paragraph 3 Repealed
55. 4Paragraph 4 Repealed
56. 5Paragraph 5 Repealed
57. Information about the Master Trust scheme Repealed
58. 6Paragraph 6 Repealed
59. 7Paragraph 7 Repealed
60. 8Paragraph 8 Repealed
61. 9Paragraph 9 Repealed
62. 10Paragraph 10 Repealed
63. 11Paragraph 11 Repealed
64. 12Paragraph 12 Repealed
65. 13Paragraph 13 Repealed
66. 14Paragraph 14 Repealed
67. 15Paragraph 15 Repealed
68. 16Paragraph 16 Repealed
69. Information about scheme funders Repealed
70. 17Paragraph 17 Repealed
71. 18Paragraph 18 Repealed
72. 19Paragraph 19 Repealed
73. Information about the scheme strategist Repealed
74. 20Paragraph 20 Repealed
75. Information following a triggering event Repealed
76. 21Paragraph 21 Repealed
77. Part 2: Requirements relating to the business plan to be set out in a Code Repealed
78. 22Paragraph 22 Repealed
79. 23Paragraph 23 Repealed
80. 24Paragraph 24 Repealed
81. 25Paragraph 25 Repealed
82. 26Paragraph 26 Repealed
83. 27Paragraph 27 Repealed
84. Schedule 4: SYSTEMS AND PROCESSES REQUIREMENTS Repealed
85. Features and functionality of IT systems Repealed
86. 1Paragraph 1 Repealed
87. Standards required of IT systems Repealed
88. 2Paragraph 2 Repealed
89. Maintenance of IT systems Repealed
90. 3Paragraph 3 Repealed
91. Member records Repealed
92. 4Paragraph 4 Repealed
93. Trustees and others Repealed
94. 5Paragraph 5 Repealed
95. Contracts and service providers Repealed
96. 6Paragraph 6 Repealed
97. Risk management Repealed
98. 7Paragraph 7 Repealed
99. Security Repealed
100. 8Paragraph 8 Repealed
101. Resource planning Repealed
102. 9Paragraph 9 Repealed
103. Investments Repealed
104. 10Paragraph 10 Repealed
105. Member communication Repealed
106. 11Paragraph 11 Repealed
107. Schedule 5: CONTINUITY OPTION 1: TRANSFER OUT AND WINDING UP Repealed
108. Interpretation Repealed
109. 1Paragraph 1 Repealed
110. Calculation of cash equivalent Repealed
111. 2Paragraph 2 Repealed
112. Trustees’ powers Repealed
113. 3Paragraph 3 Repealed
114. Trustees’ first notice to employers and members Repealed
115. 4Paragraph 4 Repealed
116. Employer’s response to trustees Repealed
117. 5Paragraph 5 Repealed
118. Trustees’ second notice to members Repealed
119. 6Paragraph 6 Repealed
120. Member’s response to trustees Repealed
121. 7Paragraph 7 Repealed
122. Trustees’ duty to transfer Repealed
123. 8Paragraph 8 Repealed
124. Notice of expected transfer date Repealed
125. 9Paragraph 9 Repealed
126. Transfer requirements: choice of arrangements Repealed
127. 10Paragraph 10 Repealed
128. Requirements to be met by default schemes Repealed
129. 11Paragraph 11 Repealed
130. Trustees’ power to transfer otherwise than to a scheme Repealed
131. 12Paragraph 12 Repealed
132. Administration charges Repealed
133. 13Paragraph 13 Repealed
134. Future contributions Repealed
135. 14Paragraph 14 Repealed
136. Cessation of accruals Repealed
137. 15Paragraph 15 Repealed
138. Winding up Repealed
139. 16Paragraph 16 Repealed
140. Regulator’s power to direct Repealed
141. 17Paragraph 17 Repealed
142. Civil penalties Repealed
143. 18Paragraph 18 Repealed
144. Explanatory note