PART 1Collective money purchase benefits
Triggering events and continuity options
I1I243Periodic reporting requirements
1
During a triggering event period for a collective money purchase scheme, the trustees must submit reports to the Pensions Regulator.
2
The first report must be submitted before the end of a period specified in regulations made by the Secretary of State.
3
Subsequent reports must be submitted at intervals specified by the Pensions Regulator.
4
The reports must—
a
report on progress in carrying out the implementation strategy,
b
record events or decisions of a description specified in regulations made by the Secretary of State,
c
contain such other information as is specified in regulations made by the Secretary of State, and
d
be made in the manner and form specified by the Pensions Regulator.
5
Section 10 of the Pensions Act 1995 (civil penalties) applies to a person who fails to comply with a requirement imposed by this section.
6
Regulations under this section are subject to negative resolution procedure.