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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 22 April 2021 - onwards
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151. Approval to accept contributions.

(1) Where the trustees of a scheme or trust RAC who are authorised under section 149 propose to accept contributions to the scheme or trust RAC from a particular undertaking the trustees shall notify the Board in writing.

(2) A notification under subsection (1) shall be in the form that may be prescribed and shall contain the following particulars:

(a) the name and location of the main administration of the sponsoring undertaking from whom the trustees propose to accept contributions;

(b) the name of the host Member State which shall, where applicable, be identified by the sponsoring undertaking;

(c) any other information that may be prescribed.

(3) On receipt of a notification under subsection (1), the Board may request the trustees to provide further information in relation to the notification.

(4) The Pensions Authority shall assess the administrative structure, the financial situation of the scheme or trust RAC and the trustees compliance with the requirements specified in section

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