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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 July 2011 - onwards
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117. Functions of Board in relation to PRSAs.

(1) The Board shall -

(a) keep a register in which there shall be entered such particulars as may be prescribed in relation to PRSA providers and PRSA products and such register shall be open for inspection by any member of the public at all reasonable times on payment of such fee as the Board may determine, and

(b) maintain, in accordance with regulations, an up to date database of statistics related to the PRSA assets of, and contributions and contributors to, Personal Retirement Savings Accounts provided by each PRSA provider, the activities of each PRSA provider in respect of its business as such a provider and the extent to which each particular default investment strategy applies in relation to a contributor to each PRSA.

(2)

(a) Sections 87 to 89 shall apply to a PRSA.

(b) For the purposes of such application, the following expressions used in sections 87 to 89 shall, in those sections, have the meanings assigned to them by this paragraph -

(ii) "employer" means an employer who

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