Explanatory note

These Regulations specify the requirements for the provision of information in connection with registered pension schemes under Part 4 of the Finance Act 2004 (c. 12).

Regulation 1 provides for the citation and commencement of the Regulations, and regulation 2 for the interpretation of certain terms used in them.

Regulation 3 prescribes information which a scheme administrator is required to provide to the Commissioners for Her Majesty’s Revenue and Customs in the form of an annual event report. The regulation prescribes the information to be included in the form in respect of various events: the form itself will be approved separately by the Commissioners for HM Revenue and Customs.

Regulations 4 to 17 prescribe other information which is required to be given in connection with the administration of a scheme.

Regulation 18 prescribes requirements in respect of the keeping of records.

A regulatory impact assessment in respect of the provisions of Part 4 of the Finance Act 2004 and subordinate legislation under it was published by the former Board of Inland Revenue on 8 April 2004 and is now available at www.hmrc.gov.uk/ria/simplifying-pensions.pdf or (for hard copies) by writing to the Ministerial Correspondence Unit, Capital and Savings 1st Floor Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.