26M. Advisory Notice.

(1) The Pensions Authority may for the purposes of prudential supervision, subject to subsection (3), serve a notice ('Advisory Notice') on the trustees of a scheme or trust RAC where -

(a) in the opinion of the Pensions Authority, the trustees of the scheme or trust RAC concerned are failing to act in a manner that would enable the trustees concerned to satisfy a requirement under -

(i) this Part,

(ii) Part VIB, or

(iii) this Part and Part VIB,

or

(b) following a supervisory review under section 26J and having considered that review, it is of the opinion that there are one or more weaknesses or deficiencies (or both) in the scheme or trust RAC concerned for which a remedy is required to address,

for the purpose of advising the trustees concerned of the action that is required to be taken to satisfy a requirement referred to in paragraph (a) or provide a remedy to address the weakness or deficiency (or both) referred to in paragraph (b).

(2) An Advisory Notice shall -

(a) state the opi

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