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Paragraph 16 C1F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where the scheme has employer-related investments (within the meaning of section 40(2) of the 1995 Act), a statement—

(a)

as to the percentage of the scheme’s resources invested in such investments at the end of the scheme year;

(b)

if that percentage exceeds 5 per cent., as to the percentage of the scheme’s resources which are investments to which regulation 6 of the Occupational Pension Schemes (Investment) Regulations 1996 (investments not subject to restrictions) applies; and

(c)

if any resources of the scheme are then invested in contravention of subsection (1) of section 40 of the 1995 Act—

(i)

as to the steps the trustees or managers have taken or propose to take to secure that the scheme complies with that section, and

(ii)

as to the time when any proposed steps will be taken.

Annotations

Textual amendments

F1

Sch. 3 para. 16 substituted (6.4.1997) by The Personal and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 1997 (S.I. 1997/786), reg. 1, Sch. 1 para. 10(9)

Modifications

C1

Sch. 3 para. 16 applied (with modifications) (6.4.2011) by The Application of Pension Legislation to the National Employment Savings Trust Corporation Regulations 2011 (S.I. 2011/673), regs. 1(1), 2(c)

Notes on Schedule 3

Modifications

C1

Sch. 3 applied in part (1.10.2000) by The Stakeholder Pension Schemes Regulations 2000 (S.I. 2000/1403), regs. 1(2), 32, Schs. 2