OpenLegislation

Section 26 Insolvency practitioner or official receiver to give information to trustees.I1C1C2

England, Wales and Scotland

(1)

Notwithstanding anything in section 155 of the M1Insolvency Act 1986 (court orders for inspection etc.), while section 22 applies in relation to a scheme F1by virtue of subsection (1) of that section, the practitioner or official receiver must provide the trustees of the scheme, as soon as practicable after the receipt of a request, with any information which the trustees may reasonably require for the purposes of the scheme.

(2)

Any expenses incurred by the practitioner or official receiver in complying with a request under subsection (1) are recoverable by him as part of the expenses incurred by him in discharge of his duties.

(3)

The practitioner or official receiver is not required under subsection (1) to take any action which involves expenses that cannot be so recovered, unless the trustees of the scheme undertake to meet them.

Annotations

Textual amendments

F1

Words in s. 26(1) inserted (6.4.2005) by Pensions Act 2004 (c. 35), s. 322(1), Sch. 12 para. 42; S.I. 2005/695, art. 2(7), Sch. 1

Marginal citations

M1

1986 c. 45.

Modifications

C1

Ss. 22-26 excluded (31.12.2000) by The Occupational Pension Schemes (Republic of Ireland Schemes Exemption) Regulations 2000 (S.I. 2000/3198), regs. 1(1), 2, Sch.

C2

Ss. 22-26 modified (11.4.2005) by The Occupational Pension Schemes (Independent Trustee) Regulations 2005 (S.I. 2005/703), regs. 1(1), 10-12

Commencement

I1

S. 26 in force at 6.4.1997 by S.I. 1997/664, art. 2(3), Sch. Pt. 3