PART IIINFORMATION REQUIRED WITHOUT NOTICE

Actuarial valuation reports—self-administered schemes and insured schemes

4.—(1) The prescribed person in relation to a self-administered scheme or an insured scheme shall furnish to the Board, at the time prescribed by paragraph (2) below, any valuation report of the scheme’s assets in relation to its liabilities having an effective date that falls on or after the date of coming into force of these Regulations, where the report—

(a)was commissioned for the purposes of the scheme, and

(b)consists of an actuarial valuation determined and dated and signed by an actuary.

(2) The time prescribed—

(a)where the valuation report relates to a large self-administered scheme or an insured scheme, is any time not later than two years after the date stated to be the effective date in the valuation;

(b)where the valuation report relates to a small self-administered scheme, is any time not later than one year after the date stated to be the effective date in the valuation.