Regulations made by the Department for Communities and laid before the Assembly under section 51(3) and (4)(e) of the Pensions Act (Northern Ireland) 2015 for approval of the Assembly before the expiration of six months from the date of their coming into operation
2023 No. 146
Pensions
The Occupational Pension Schemes (Governance and Registration) (Amendment No. 2) Regulations (Northern Ireland) 2023 (revoked)
Made 25th September 2023
Coming into operation 28th September 2023
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PART 1 Introductory provisions

Citation and commencement

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PART 2 Use of fiduciary management services and investment consultancy services

Amendment of the Occupational Pension Schemes (Scheme Administration) Regulations

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PART 3 Registrable information

Amendment of the Register of Occupational and Personal Pension Schemes Regulations

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PART 4 Revocation

Revocation

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SCHEDULE
Schedule to be added to the Occupational Pension Schemes (Scheme Administration) Regulations (Northern Ireland) 1997
Regulation 2(3)
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SCHEDULE
Duties of trustees of relevant trust schemes in connection with provision of FM services

Regulation 33
PART 1 Introductory

Scope

1. 
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General interpretation

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Meaning of “FM provider”, “in-scope FM provider”, “continuing in-scope FM provider”, “out-of-scope FM provider”, “manageable assets” and related expressions

3. 
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The asset management threshold

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Meaning of “qualifying tender process”

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PART 2 Duties of trustees of relevant trust schemes which met the asset management threshold before the commencement date

Application of Part 2

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Duty of trustees to carry out a qualifying tender process in connection with continued use of continuing in-scope FM providers

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PART 3 Duties of trustees of relevant trust schemes which meet the asset management threshold on or after the commencement date

Duty of trustees of a relevant scheme to carry out a qualifying tender process in connection with appointment, or change to the mandate, of an in-scope FM provider

8. 
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Duty of the trustees to carry out a qualifying tender process in respect of arrangements with existing FM providers not appointed following a relevant tender process

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Notification to FM providers

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