Regulation 2 Amendment of the Occupational Pension Schemes (Scheme Administration) Regulations

in paragraph (2)(d)^f2 at the beginning insert “subject to paragraph (3),”;

after paragraph (2) add—

“(3)

Paragraph (2)(d) does not apply in relation to the accounts and auditor’s statement for a relevant scheme for a scheme year—

(a)

in which, on the first day of that scheme year, the scheme has at least 500 participating employers; or

(b)

which immediately precedes a scheme year in which sub-paragraph (a) is satisfied.

(4)

In paragraph (3) “relevant scheme” means a trust scheme which applies to earners in employment under different employers.”.