(1) In this article "relevant scheme" means a scheme to which the Act applies by virtue of section 56.
(2) The trustees of a relevant scheme shall, in accordance with section 56 of the Act, cause
(a) 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 a date referred to in these Regulations as the "effective date", and
(b) the actuary's report to be prepared on the valuation (referred to in this article as the "valuation report")
as soon as reasonably practicable after the effective date but subject always to sub-article (3) of this article.
(3) A copy of the latest valuation report shall be made available by the trustees of the relevant scheme not later than 9 months after the effective date, or such later date as may be approved by the Board, in the