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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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64AL. Own-risk assessment

(1) The trustees of a scheme or trust RAC shall carry out and document an own-risk assessment of the scheme or trust RAC in accordance with this section.

(2) For the purposes of subsection (1), the trustees referred to in that subsection shall carry out and document the own-risk assessment in a manner which is proportionate to -

(a) the size and internal organisation of the scheme or trust RAC concerned, and

(b) the size, nature, scale and complexity of the activities of the scheme or trust RAC concerned.

(3) The trustees referred to in subsection (1) shall carry out the own-risk assessment referred to in that subsection -

(a) at least once every 3 years, and

(b) without delay following any significant change in the risk profiles of the scheme or trust RAC.

(4) The trustees of a scheme or trust RAC shall, when carrying out and documenting the own-risk assessment referred to in subsection (1), have regard to the size and internal organisation of the scheme or trust RAC concerned as well

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