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Section 20 Triggering event: duties of trusteesC1C2C3C4I1I2I3

If a triggering event occurs in relation to a Master Trust scheme, the trustees must—

(a)

comply with the notification requirements applicable to them (see section 22),

(b)

comply with the requirements of section 23 (continuity options), and

(c)

comply with the requirements of section 26 (implementation strategy).

Annotations

Modifications

C1

Pt. 1 excluded (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 27

C2

Pt. 1 excluded (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 26

C3

Pt. 1 modified (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 28(2)

C4

Pt. 1 modified (1.10.2018) by The Occupational Pension Schemes (Master Trusts) Regulations2018 (S.I. 2018/1030), regs. 1(2), 28(3)(4)(a)(b)

Commencement

I1

S. 20 in force at Royal Assent for specified purposes, see s. 44(1)(a)(iii)

I2

S. 20 in force at 5.9.2018 for specified purposes by S.I. 2018/965, reg. 2(a)

I3

S. 20 in force at 1.10.2018 in so far as not already in force by S.I. 2018/965, reg. 2(b)

Notes on Part 1

Modifications

C5

Pt. 1: power to disapply conferred (11.2.2021 for specified purposes, 1.8.2022 in so far as not already in force) by Pension Schemes Act 2021 (c. 1), ss. 47(3)(b), 131(1)(3)(a); S.I. 2022/721, reg. 3(a)