(1) For the purposes of section 49(1) of the 1995 Act (trustees of any trust scheme must, except in any prescribed circumstances, keep money received in a separate account with a deposit-taker) the prescribed circumstances are -

(a) where the trustees have entered into an arrangement or contract with a person to the effect that the money is to be paid into an account held by that person and separate from one held by or on behalf of the employer as employer; and

(i) it is a condition of that arrangement or contract that a record by that person shall be kept of the information referred to in paragraph (2) and such records should be retained for a period of at least 6 years; and

(ii) any interest earned on the account shall be credited to the scheme in respect of which the money is deposited;

(b) where the trustees have an account-

(i) kept by them with any of the persons specified in paragraph (3);

(ii) separate from one held by or on behalf of the employer as employer; and

(iii) in which the money received by them is to be held.

(2) The information referred to in paragraph (1)(a)(i) is the -

(a) amount of money paid into the account, the date of payment and from whom it was received;