(1) The trustees of a scheme or a trust RAC shall -
(a) cause the accounts of the scheme or trust RAC in respect of such periods as may be prescribed to be audited by the auditor of the scheme or trust RAC,
(b) cause the resources and liabilities of the scheme (including the benefits in respect of UK members which the scheme is required to provide under the Occupational Pension Schemes (Schemes with External Members) (United Kingdom) Regulations, 2000) to be valued by the actuary of the scheme at such times as may be prescribed, and
(c) in respect of each such audit and valuation, cause to be prepared the documents to which this section applies.
(2) The documents to which this section applies are -
(a) the accounts of the scheme or trust RAC concerned,
(b) the auditor's report on the accounts specified in paragraph (a), and
(c) the actuary's report on his valuation of the assets and liabilities of the scheme or regulatory own funds trust RAC.
(2A) The trustees of a defined contribution
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