(1) In this article "relevant scheme" means a scheme to which section 56 of the Act applies.

(2) Subject to sub-article (7), the trustees of a relevant scheme shall, in accordance with section 56 of the Act, cause-

(a) the accounts of such a scheme to be audited by the auditor of the scheme in respect of each scheme year which commences on or after 23 September 2005, and

(b) the auditor's report to be prepared on the accounts,

as soon as reasonably practicable after the end of the scheme year.

(3) The audited accounts shall include the information specified in Schedule A to these Regulations which is applicable and material to the relevant scheme.

(4) The auditor's report on the accounts of the relevant scheme shall include -

(a) a statement whether, in his opinion, the requirements of sub-article (3) are satisfied;