Section 151 of the Principal Act is amended -

(a) in subsection (2) -

(i) in paragraph (a), by the insertion of "main administration of the sponsoring" after "location of the", and

(ii) in paragraph (b), by the substitution of "the host Member State which shall, where applicable, be identified by the sponsoring undertaking" for "any host Member State",

(b) by the substitution of the following subsection for subsection (4):

"(4) The Pensions Authority shall assess the administrative structure, the financial situation of the scheme or trust RAC and the trustees compliance with the requirements specified in section 59A and where it is of the opinion that such administrative structure, such financial situation and such trustee compliance are compatible with the proposed cross-border activity, the Pensions Authority shall, within 3 months after the date of receipt of the notification under subsection (1), notify in writing -

(a) the competent authority of the host Member State of any relevant information contained in the notification, and

(b) the trustees of the scheme or trust RAC that approval has been granted by it in relation to the undertaking specified in the notification.",