(1) Without prejudice to section 26K, the Pensions Authority may, by notice in writing, require the trustees of a scheme or trust RAC to -
(a) carry out a stress-test, or
(b) cause a stress-test to be carried out,
in respect of the scheme or trust RAC concerned for the purposes of enabling the identification of deteriorating financial conditions in that scheme or trust RAC and to monitor how that deterioration is remedied.
(2) A notice under subsection (1) shall state -
(a) information relating to the stress-test that is to be carried out in respect of the scheme or trust RAC,
(b) having regard to the matters to be assessed under subsection (3) -
(i) one or more methodologies to be used in the stress-test,
(ii) different sets of economic circumstances, and
(iii) the reporting arrangement,
that are to be applied, by the trustees of the scheme or trust RAC in the stress-test, and
(c) the date, referred to in subsection (4), on which the trustees shall notify the Pensions Authority of the
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