UK Offence Report

The Register of Occupational and Personal Pension Schemes Regulations 1997

UK Statutory Instrument 1997 No. 371 — creates 1 criminal offence.

1offences created
0recorded in force
0revoked
Made
18 February 1997
In force from
1 April 1997
Extent
Not stated
Subject
Corporate, financial services, company law, employment, charity, electoral and tax
Made under
Pension Schemes Act 1993

Explanatory note

(This note is not part of the Regulations) — published with the instrument by the department that made it. © Crown copyright, reused under the Open Government Licence v3.0.

These Regulations replace the Register of Occupational and Personal Pension Schemes Regulations 1990 (“the 1990 Regulations”) which are now revoked and provide that there shall continue to be a register of occupational and personal pension schemes. They also make provision for the appointment of the Occupational Pensions Regulatory Authority as the Registrar of such schemes. Regulations 2, 3, 4(2), 6(1), (3) to (8), 8 and 9 extend to Northern Ireland, as does regulation 1 in so far as it applies to those regulations. Provision for Northern Ireland corresponding to other provisions of these Regulations will be contained in separate regulations to be made by the Department of Health and Social Services for Northern Ireland. Regulation 1 provides for the citation, extent, commencement and interpretation of the Regulations. Regulation 2 provides for the Occupational Pensions Regulatory Authority to be the Registrar and allows for the appointment of an agent to perform any of the functions of the Registrar. Regulation 3 requires the Registrar to continue to compile and maintain the register of occupational and personal pension schemes established under the 1990 Regulations and specifies what information is to be contained in it. Regulation 4 imposes a duty on the trustees of a scheme to supply information to the Registrar. Regulation 5 requires notification to the Registrar of any change in the information supplied under regulation 4. Regulation 6 specifies the persons who are to be supplied with information held on the register, and the circumstances in which that may be done. Regulation 7(1) makes it an offence punishable by a fine for a person to breach these Regulations by failing, without reasonable cause, to provide information to the Registrar or to notify the Registrar of a change in the information provided. Regulation 7(2) provides for the imposition of penalties by the Occupational Pensions Regulatory Authority where conditions upon which information is supplied by the Registrar are not complied with. Regulation 8 makes transitional provisions. Revocations are made by regulation 9 and the Schedule. An assessment of the compliance cost for employers of the measures arising from the Pensions Act 1995, including these Regulations, has been placed in the libraries of both Houses of Parliament. Copies can be obtained by post from the Department of Social Security, Private Pensions Directorate, 11th floor, The Adelphi, 1—11 John Adam Street, London WC2N 6HT.

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