# The Registered Pension Schemes (Audited Accounts) (Specified Persons) (Amendment) Regulations 2015, Regulation 2: Amendment of the Registered Pension Schemes (Audited Accounts) (Specified Persons) Regulations 2005


(1) The Registered Pension Schemes (Audited Accounts) (Specified Persons) Regulations 2005 are amended as follows.
(2) For regulation 3 (circumstances in which a person specified under regulation 2 is not to audit scheme accounts) substitute—
“3. (1) Notwithstanding regulation 2, a person shall not be a registered pension scheme’s auditor if he is—
(a) a member of the scheme;
(b) employed under a contract of service by the scheme administrator;
(c) an employer in relation to the scheme; or
(d) subject to paragraph (2), ineligible, by virtue of section 1214 of the Companies Act 2006, to audit the accounts of a company which is an employer in relation to the scheme.
(2) Paragraph (1)(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.
(3) In paragraph (2)—
“relevant scheme” means a trust scheme which applies to earners in employment under different employers; and
“scheme year” means—
(a) a year specified for the purposes of the scheme in any document comprising the scheme or, if none, a period of 12 months commencing on 1st April or on such date as the trustees or managers select; or
(b) such other period (if any) exceeding 6 months but not exceeding 18 months as is selected by the trustees or managers in connection with—
(i) the commencement or termination of the scheme; or
(ii) a variation of the date on which the year or period referred to in sub-paragraph (a) is to commence.”.

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Source: https://www.legislation.gov.uk/uksi/2015/1518/regulation/2 (the official version)
Page: https://openlegislation.uk/registered-pension-schemes-audited-accounts-specified-persons-amendment-regulations-2015/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.