Section 59 of the Principal Act is amended -

(a) in subsection (1)¸ in paragraph (b), by the substitution of "in accordance with section 59AB and, subject to that section," for "in accordance with regulations and, subject to those regulations",

(b) by the deletion of subsection (1A),

(c) in subsection (1B) -

(i) by the deletion of ", other than a small scheme or small trust RAC as the case may be,", and

(ii) in paragraph (c), by the insertion of "significant" after "following any", and

(d) by the insertion of the following subsections after subsection (1C):

"(1D) A member or a beneficiary, or the Pensions Authority, may request a copy of the statement referred to in subsection (1B).

(1E) The trustees of a scheme or trust RAC shall make the statement referred to in subsection (1B) available on request and without prejudice to the generality of the foregoing, following a request under subsection (1D), shall provide that statement -

(a) in the case of a request by a member or beneficiary, not later than 4 weeks from the date on which the request was made, or