32. Except where the scheme is a trust scheme that applies to earners in employments under different employers, where the scheme has employer-related investments (within the meaning of Article 40(2)(1) of the 1995 Order), a statement—N.I.
(a)as to the percentage of the scheme’s resources invested in such investments at the end of the year;
(b)if that percentage exceeds 5 per cent. as to the percentage of the scheme’s resources that are investments to which regulation 13 of the Occupational Pension Schemes (Investment) Regulations (Northern Ireland) 2005(2) (investments to which restrictions do not apply) applies, and
(c)if any resources of the scheme are invested in contravention of paragraph (1) of Article 40 of the 1995 Order—
(i)as to the steps the trustees or managers of the scheme have taken or propose to take to secure that the scheme complies with that Article, and
(ii)as to the time when any proposed steps will be taken.
Commencement Information
I1Sch. 3 para. 32 in operation at 6.4.2014, see reg. 1(1)
Article 40 was amended by paragraph 45 of Schedule 10 to the Pensions (Northern Ireland) Order 2005, Article 152(2) of S.I. 2001/3649 and Article 26 of S.I. 2004/355
S.R. 2005 No. 569; regulation 13 was amended by regulation 7 of S.R. 2006 No. 141