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European Union (Occupational Pension Schemes) Regulations 2021 [S.I. No. 128 of 2021]Introductory TextPart 1 Preliminary and General (regs. 1-3)Regulation 1 CitationRegulation 2 InterpretationRegulation 3 Application of RegulationsPart 2 Amendment of Principal Act (regs. 4-8)Regulation 4 Amendment of section 2 of Principal ActRegulation 5 Amendment of section 3 of Principal ActRegulation 6 Amendment of section 3A of Principal ActRegulation 7 Amendment of section 10 of Principal ActRegulation 8 Amendment of section 18 of Principal ActPart 3 (regs. 9-24)Chapter 1 Small scheme and one-member arrangements (regs. 9-16)Regulation 9 Amendment of section 53F of Principal ActRegulation 10 Amendment of section 54 of Principal ActRegulation 11 Amendment of section 55 of Principal ActRegulation 12 Amendment of section 56 of Principal ActRegulation 13 Amendment of section 58 of Principal ActRegulation 14 Amendment of section 59 of Principal ActRegulation 15 Amendment of section 61B of Principal ActRegulation 16 Amendment of section 64D of Principal ActChapter 2 Amendment of Part XII of Principal Act (regs. 17-24)Regulation 17 Amendment of section 148 of Principal ActRegulation 18 Service of documents for purpose of PartRegulation 19 Amendment of section 149 of Principal ActRegulation 20 Amendment of section 150 of Principal ActRegulation 21 Amendment of section 151 of Principal ActRegulation 22 Insertion of new sections 151A and 151BRegulation 23 Amendment of section 152 of Principal ActRegulation 24 Amendment of section 153 of Principal ActPart 4 (regs. 25-26)Chapter 1 Quantitative requirements (regs. 25-26)Regulation 25 Amendment of section 59 of Principal ActRegulation 26 Investment rulesPart 5 Governance requirements (regs. 27-30)Regulation 27 Amendment of section 59A of Principal ActRegulation 28 Insertion of Part VIB into Principal ActRegulation 29 Amendment of section 82 of Principal ActRegulation 30 Amendment of section 83 of Principal ActPart 6 (regs. 31-38)Chapter 1 Pension Benefit Statement (regs. 31-37)Regulation 31 InterpretationRegulation 32 Pension Benefit Statement: appointment of registered administratorRegulation 33 General ProvisionsRegulation 34 Information to be provided in Pension Benefit StatementRegulation 35 Pension Benefit Statement: supplementary informationRegulation 36 Offences and penaltiesRegulation 37 Transitional provisions for PartChapter 2 Amendment of Principal Act (reg. 38)Regulation 38 Amendment of section 50 of Principal ActPart 7 Prudential supervision (reg. 39)Regulation 39 Insertion of Part IIA into Principal ActPart 8 Co-operation by Pensions Authority (reg. 40)Regulation 40 Co-operation by Pensions AuthorityPart 9 Amendment of European Union (Insurance and Reinsurance) Regulations 2015 (reg. 41)Regulation 41 Amendment of European Union (Insurance and Reinsurance) Regulations 2015Given underExplanatory Note
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Version status: In force | Document consolidation status: No known changes
Version date: 22 April 2021 - onwards

Regulation 14 Amendment of section 59 of Principal Act

Section 59 of the Principal Act is amended -

(a) in subsection (1), in paragraph (f), by the deletion of "other than in the case of the trustees of a small trust RAC,", and

(b) by the insertion of the following subsection after subsection (4):

"(5) Notwithstanding the amendment of this section by the European Union (Occupational Pension Schemes) Regulations 2021, the trustees of a small trust RAC established before the coming into operation of those Regulations shall comply with section 59(1)(f) not later than 31 December 2021.".

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