(1) In this article "trust RAC in wind up" means a trust RAC in respect of which an act or event has occurred or a decision has been taken which, under the rules of the trust RAC, causes that trust RAC to wind up.

(2) In the case of a trust RAC in wind up, the trustees shall -

(a) as soon as possible, but in any event not later than 12 weeks after the act or event or decision requiring the trust RAC to wind up or the date on which the trustees first become aware or ought reasonably to have been aware that such an event has occurred, notify the Pensions Authority and all persons specified in sub-article (4) of such an act, event or decision;

(b) as soon as practicable after the resources of the trust RAC have been ascertained furnish each person specified in sub-article (4) (a) and (b) with information relating to the rights and options (if any) available to him as regards his benefit entitlements in accordance with the rules of the trust RAC respecting a winding up;

(c) as soon as practicable after the resources of the trust RAC have been applied furnish each person specified in sub-article (4) (a) with -

(i) such information as is specified in paragraphs 1 to 5 of Schedule E relating to the rights secured for him, and