PART 6PRIVATE PENSIONS
Other
I147Maximum period between scheme returns to be 5 years for micro schemes
1
Article 58 of the 2005 Order (duty of the Regulator to issue scheme return notices) is amended as follows.
2
After paragraph (3) insert—
3A
But paragraph (3)(a) has effect as if the reference to three years were a reference to five years if—
a
the trustees or managers have complied with sub-paragraph (b) of Article 57(2),
b
the information they provided under that sub-paragraph included the number of members of the scheme, and
c
that number was no more than 4.
3
After paragraph (4) insert—
4A
But paragraph (4)(a) has effect as if the reference to three years were a reference to five years if—
a
on the date on which the previous scheme return notice was issued, the number of members of the scheme was recorded in the register, and
b
that number was no more than 4.