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
47 Risk notices
(1) The date referred to in section 29(3)(b) of the Act (risk notices) must fall within the period of 14 days beginning with the date on which the risk notice was issued. (2) The date referred to in section 29(4) of the Act must fall within the period of seven days beginning with the date on which the further notice was issued. (3) A progress report required by section 29(7)(a) of the Act must be submitted before the end of the period of 14 days beginning with the date on which the Pensions Regulator notifies the trustees or the scheme proprietor that it is satisfied that the proposals in the resolution plan are likely to be adequate to resolve the issue of concern. (4) A risk notice must— (a) state that the Pensions Regulator considers— (i) that the issue identified in the notice is an issue of concern in relation to the scheme, and (ii) that the scheme will breach the authorisation criteria, or is likely to breach them, if the issue is not resolved, (b) contain a statement of the Pensions Regulator’s grounds for its consideration and of the evidence on which its consideration is based, and (c) explain that section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee or a scheme proprietor who fails to comply with the notice.
47 Risk notices
(1) The date referred to in section 29(3)(b) of the Act (risk notices) must fall within the period of 14 days beginning with the date on which the risk notice was issued. (2) The date referred to in section 29(4) of the Act must fall within the period of seven days beginning with the date on which the further notice was issued. (3) A progress report required by section 29(7)(a) of the Act must be submitted before the end of the period of 14 days beginning with the date on which the Pensions Regulator notifies the trustees or the scheme proprietor that it is satisfied that the proposals in the resolution plan are likely to be adequate to resolve the issue of concern. (4) A risk notice must— (a) state that the Pensions Regulator considers— (i) that the issue identified in the notice is an issue of concern in relation to the scheme, and (ii) that the scheme will breach the authorisation criteria, or is likely to breach them, if the issue is not resolved, (b) contain a statement of the Pensions Regulator’s grounds for its consideration and of the evidence on which its consideration is based, and (c) explain that section 10 of the Pensions Act 1995 (civil penalties) applies to a trustee or a scheme proprietor who fails to comply with the notice.
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