The Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
5 Authorisation criteria: unconnected multiple employer schemes
In section 9 (decision on application)— (a) in subsection (3)— (i) after paragraph (c) insert— (ca) where the scheme is an unconnected multiple employer scheme, that— (i) the scheme has a single scheme proprietor (see section 14B), and (ii) the scheme proprietor meets the requirements set out in section 14C, (cb) where the scheme is an unconnected multiple employer scheme, that— (i) no person has carried out promotion or marketing of the scheme that is unclear or misleading without rectification (see section 14D(1)), and (ii) the scheme has adequate systems and processes for securing that promotion or marketing of the scheme is clear and not misleading (see section 14D(2) and (3)), (cc) where the scheme is an unconnected multiple employer scheme, that no trustee of the scheme— (i) promotes or markets the scheme, or (ii) acts as a chief financial officer of the scheme, ; (ii) at the end of paragraph (e) omit “and”; (iii) at the end of paragraph (f) insert “, and”; (iv) at the end insert— (g) where the scheme is an unconnected multiple employer scheme, that if— (i) a triggering event occurs in relation to the scheme, and (ii) the circumstances are such that the trustees of the scheme are not required to pursue continuity option 1 by virtue of section 34(3), the trustees will not be prevented from pursuing continuity option 3 if they consider it appropriate to do so (see sections 17A, 31 and 34). ; (b) after subsection (3) insert— (3A) Subsection (3)(cb)(ii) does not apply if no person is carrying out promotion or marketing of the scheme. ; (c) after subsection (6) insert— (7) In this Part— “promotion or marketing” of a scheme means any communication about the scheme for the purpose of inducing an employer (or prospective employer) to use, or continue to use, the scheme (whether or not that communication is accompanied by an offer of, or provision of, a benefit); “rectification”, in relation to promotion or marketing that is unclear or misleading, means that a clarification or correction is made in relation to the promotion or marketing as soon as practicable, (and related expressions are to be read accordingly). .
5 Authorisation criteria: unconnected multiple employer schemes
In section 9 (decision on application)— (a) in subsection (3)— (i) after paragraph (c) insert— (ca) where the scheme is an unconnected multiple employer scheme, that— (i) the scheme has a single scheme proprietor (see section 14B), and (ii) the scheme proprietor meets the requirements set out in section 14C, (cb) where the scheme is an unconnected multiple employer scheme, that— (i) no person has carried out promotion or marketing of the scheme that is unclear or misleading without rectification (see section 14D(1)), and (ii) the scheme has adequate systems and processes for securing that promotion or marketing of the scheme is clear and not misleading (see section 14D(2) and (3)), (cc) where the scheme is an unconnected multiple employer scheme, that no trustee of the scheme— (i) promotes or markets the scheme, or (ii) acts as a chief financial officer of the scheme, ; (ii) at the end of paragraph (e) omit “and”; (iii) at the end of paragraph (f) insert “, and”; (iv) at the end insert— (g) where the scheme is an unconnected multiple employer scheme, that if— (i) a triggering event occurs in relation to the scheme, and (ii) the circumstances are such that the trustees of the scheme are not required to pursue continuity option 1 by virtue of section 34(3), the trustees will not be prevented from pursuing continuity option 3 if they consider it appropriate to do so (see sections 17A, 31 and 34). ; (b) after subsection (3) insert— (3A) Subsection (3)(cb)(ii) does not apply if no person is carrying out promotion or marketing of the scheme. ; (c) after subsection (6) insert— (7) In this Part— “promotion or marketing” of a scheme means any communication about the scheme for the purpose of inducing an employer (or prospective employer) to use, or continue to use, the scheme (whether or not that communication is accompanied by an offer of, or provision of, a benefit); “rectification”, in relation to promotion or marketing that is unclear or misleading, means that a clarification or correction is made in relation to the promotion or marketing as soon as practicable, (and related expressions are to be read accordingly). .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.