Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996
| Jurisdiction | UK Non-devolved |
| Citation | SI 1996/1975 |
| Year | 1996 |
(1) These Regulations may be cited as the Occupational Pension Schemes (Requirement to obtain Audited Accounts and a Statement from the Auditor) Regulations 1996 and shall come into force on 6th April 1997.(2) In these Regulations—to a numbered regulation is to the regulation bearing that number in these Regulations;in a regulation to a numbered paragraph is to the paragraph bearing that number in that regulation.accounts, prepared in accordance with regulation 3, audited by the auditor;the auditor’s statement, prepared in accordance with regulation 4, about contributions under the scheme.make available a copy of the most recent accounts published in relation to the insurance companies (whether as part of a group of companies or otherwise) with which they hold ear-marked policies of insurance or annuity contracts in relation to that person; andmake that information available to the person who requested it within a reasonable time of receiving the request; andprovide each scheme member within 12 months of the end of each scheme year with a statement detailing the amount of contributions credited to him during that scheme year.(2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(2AA) Information may be made available under paragraph (2) in accordance with regulations 26 to 28 of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (giving information and documents) .which falls within regulation 3(1) (c) or (i) of the Occupational Pension Schemes (Scheme Administration) Regulations 1996, andwhich has 100 or more members;to such a scheme which falls within regulation 3(1) ..., (m) or (o) of the Occupational Pension Schemes (Scheme Administration) Regulations 1996.(2C) The requirement to obain an auditor’s statement in accordance with paragraph (1) (b) does not apply in relation to a scheme for a scheme year in which, on the first day of that scheme year, the scheme has at least 20 participating employers.£5,000 in the case of an individual; and£50,000 in any other case.(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .contain the information specified in the financial transactions of the scheme during the scheme year; the amount and disposition of the assets at the end of the scheme year; the liabilities of the scheme, other than the liabilities to pay pensions and benefits after the end of the scheme year; and contain a report by the auditor as to whether or not in his opinion the requirements of paragraphs (a) and (b) are satisfied. (1) The information specified for the purposes of regulation 3(a) is as follows.
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