The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
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Change 1
11 Continuity strategy requirement - scheme proprietor: unconnected multiple employer schemes
In section 17 (continuity strategy requirement)— (a) for subsection (2) substitute— (2) A document addressing how the interests of members of the scheme are to be protected if a triggering event (see section 31) occurs in relation to the scheme (a “continuity strategy”) must be prepared by— (a) where the scheme is a single or connected employer scheme, the trustees of the scheme; (b) where the scheme is an unconnected multiple employer scheme, the scheme proprietor. ; (b) in subsection (6) for “collective money purchase scheme” substitute “single or connected employer scheme”; (c) after subsection (6) insert— (6A) The scheme proprietor of an unconnected multiple employer scheme must— (a) keep the continuity strategy under review, and (b) revise it if appropriate. (6B) The continuity strategy of an unconnected multiple employer scheme, and any revisions to it, must be approved by the trustees of the scheme. ; (d) for subsection (7) substitute— (7) The continuity strategy must be provided to the Pensions Regulator in accordance with subsection (7A)— (a) where the scheme is a single or connected employer scheme, by the trustees; (b) where the scheme is an unconnected multiple employer scheme, by the scheme proprietor. (7A) The continuity strategy must be provided— (a) on application for authorisation (see section 8), (b) within three months of the continuity strategy being revised, and (c) at any other time, on request from the Pensions Regulator. .
11 Continuity strategy requirement - scheme proprietor: unconnected multiple employer schemes
In section 17 (continuity strategy requirement)— (a) for subsection (2) substitute— (2) A document addressing how the interests of members of the scheme are to be protected if a triggering event (see section 31) occurs in relation to the scheme (a “continuity strategy”) must be prepared by— (a) where the scheme is a single or connected employer scheme, the trustees of the scheme; (b) where the scheme is an unconnected multiple employer scheme, the scheme proprietor. ; (b) in subsection (6) for “collective money purchase scheme” substitute “single or connected employer scheme”; (c) after subsection (6) insert— (6A) The scheme proprietor of an unconnected multiple employer scheme must— (a) keep the continuity strategy under review, and (b) revise it if appropriate. (6B) The continuity strategy of an unconnected multiple employer scheme, and any revisions to it, must be approved by the trustees of the scheme. ; (d) for subsection (7) substitute— (7) The continuity strategy must be provided to the Pensions Regulator in accordance with subsection (7A)— (a) where the scheme is a single or connected employer scheme, by the trustees; (b) where the scheme is an unconnected multiple employer scheme, by the scheme proprietor. (7A) The continuity strategy must be provided— (a) on application for authorisation (see section 8), (b) within three months of the continuity strategy being revised, and (c) at any other time, on request from the Pensions Regulator. .
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