1. A summary that—N.I.
(a)explains the extent to which the assets of the scheme are adequate to cover its technical provisions, and
(b)is based on—
(i)the last actuarial valuation under Article 203 of the 2005 Order (actuarial valuations and reports) received by the trustees or managers of the scheme, and
(ii)any actuarial report under that provision they have received since that actuarial valuation.
Commencement Information
I1Sch. 4 para. 1 in operation at 6.4.2014, see reg. 1(1)