(1) Not later than 31 January of each year, the trustees of a scheme or trust RAC shall prepare a statement in relation to the matters specified in subsection (2) ('Part VIB compliance statement') for the immediately preceding year for the purposes of prudential supervision.
(2) A Part VIB compliance statement shall specify information relating to Part VIB.
(3) The form of the Part VIB compliance statement shall be specified by the Pensions Authority following consultation with the Minister.
(4) The trustees referred to in subsection (1) shall submit the Part VIB compliance statement to the Pensions Authority not later than 1 month after that statement is prepared in accordance with subsection (1).
(5) The trustees referred to in subsection (1) shall certify that the information provided in the Part VIB compliance statement has been reviewed for accuracy and completeness and shall be certified by -
(a) at least 2 trustees of the scheme or trust RAC, or
(b) where a body corporate is app
…