Regulation 20 Amendment of the Occupational Pension Schemes (Trustees’ Knowledge and Understanding) Regulations 2006

(1)

Amend the Occupational Pension Schemes (Trustees’ Knowledge and Understanding) Regulations 2006^f1 as follows.

(2)

In regulation 2 (exceptions for trustees of small schemes)—

(a)

in paragraph (1)(a) for “all decisions which fall to be made by the trustees are made by the unanimous agreement by” substitute “any decision made by the trustees is made by the unanimous agreement of”; and

(b)

in paragraph (2)—

(i)

for “where a company is a trustee” substitute “where a company is the sole trustee”;

(ii)

in sub-paragraph (a) for “made by the unanimous agreement of all the directors” substitute “made by the unanimous agreement of the directors”; and

(iii)

in sub-paragraph (b) for “one of the directors is a trustee who” substitute “one of the directors of the company”.

Annotations

Footnotes

f1: S.I. 2006/686.