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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 December 2021 - onwards

Regulation 15A Information to be made available - where members bear investment risk.

(1) In the case of a trust RAC in which members bear an investment risk and which provides for more than one option with different investment profiles, the trustees of the trust RAC shall furnish, in the manner specified in sub-articles (2), (3) and (4), the members of the trust RAC with information in relation to -

(a) the conditions regarding the range of investment options available;

(b) the default investment option, where applicable, and

(c) the rules of the trust RAC to allocate a particular member to an investment option.

(2) The trustees of a trust RAC referred to in sub-article (1) shall furnish the information referred to in sub-article (1) to a member of the trust RAC within 2 months of becoming a member.

(3) The trustees of a trust RAC referred to in sub-article (1) shall furnish the information referred to in sub-article (1), on request, to a member of the trust RAC not later than 4 weeks after the request is made.