Section 87 Notification of Regulator in respect of events of concernI1

England, Wales and Scotland Not yet in force

(1)

A relevant person in relation to an operating superfund must notify the Regulator as soon as reasonably practicable after becoming aware that an event of concern—

(a)

will or is likely to take place in relation to the superfund, or

(b)

has already taken place in relation to the superfund.

(2)

No notification need be given if the relevant person knows the Regulator already to be aware of the circumstances to be notified.

(3)

The following are “relevant persons” in relation to an operating superfund—

(a)

the responsible body;

(b)

the trustees of the superfund scheme;

(c)

in relation to the event of concern in section 86 (1)(a), the actuary appointed under section 47(1)(b) of the Pensions Act 1995in relation to the superfund scheme.

Annotations

Commencement

I1: S. 87 not in force at Royal Assent, see s. 133(7)