Regulation 3 Responsibilities and liabilities of sub-scheme administrators

(1)

The sub-scheme administrator of a sub-scheme shall assume the liabilities and responsibilities set out in Schedule 3 to these Regulations in relation to that scheme.

(2)

In the provisions referred to in that Schedule any reference to the scheme administrator shall be read as a reference to the sub-scheme administrator.

(3)

The split scheme administrator shall cease to have responsibility or liability in relation to the matters referred to in paragraph (1) in respect of the sub-scheme.

(4)

The provisions of section 270(2) and (3) (meaning of “scheme administrator”) apply to the sub-scheme administrator and the references to the scheme administrator in those subsections shall be read as references to the sub-scheme administrator).

(5)

Section 272 (trustees etc. liable as scheme administrator) applies to sub-scheme administrators with the following modifications—

(a)

in subsection (1)“ for “registered pension scheme”; substitute “sub-scheme”;

(b)

in subsections (1)(a) to (c), (2)(a) and (b) for “scheme administrator” (in each place) substitute “sub-scheme administrator”;

(c)

in subsections (1)(a) to (c) and (2), (3) and (5) for “pension scheme” (in each place) substitute “sub-scheme”;

(d)

in subsection (2)—

(i)

in paragraph (a) after “by virtue of this Part” insert “as applied by regulation 3 of the Registered Pensions (Splitting of Schemes) Regulations 2006”; and

(ii)

in paragraph (b) after “by or under this Part.” insert “as applied by the Registered Pensions (Splitting of Schemes) Regulations 2006”; and

(e)

in subsection (4) for “pension scheme” substitute “sub-scheme”.

(6)

Section 273 (members liable as scheme administrator) applies to members of a sub-scheme with the following modifications—

(a)

in subsection (1) for “registered pension scheme” substitute “sub-scheme”;

(b)

in subsections (1)(a) and (b) for “pension scheme” substitute “sub-scheme”;

(c)

in subsection (1)(a) after “(trustees, etc.)” add “(as modified by regulation 3 of the Registered Pensions (Splitting of Schemes) Regulations 2006)”;

(d)

in subsection (1)(b) omit the words “or section 242 (de-registration charge)”;

(e)

in subsections (2) and (4) for “pension scheme” substitute “sub-scheme”;

(f)

in subsection (5)(a) for “the pension scheme” substitute “the split scheme”;

(g)

in subsections (5)(b) and (d) for “the pension scheme” substitute “the sub-scheme”;

(h)

in subsection (5)(c) after the words “that the pension scheme was” add “part of”;

(i)

in subsection (10) for “the pension scheme” substitute “the sub-scheme”.

(7)

Section 274(2) (supplementary) applies to sub-scheme administrators with the following modifications—

(a)

for “scheme administrator” substitute “sub-scheme administrator”; and

(b)

for “registered pension scheme” substitute “sub-scheme”.