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The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022

Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2022 No. 255

This section has no associated Explanatory Memorandum

3.  Whether the IT systems used for the purposes of carrying out relevant functions—

(a)have the necessary capacity and capability to enable relevant functions to be carried out by or on behalf of the scheme in accordance with—

(i)any legal requirement in relation to scheme communications; and

(ii)the scheme’s systems and processes concerning scheme communications;

(b)are monitored to ensure that they continue to have the necessary capacity and capability;

(c)are capable of being upgraded or updated to reflect changes in legal requirements relating to scheme communications;

(d)have a back-up system which allows data concerning scheme communications to be recovered if the main system fails;

(e)have restricted physical and electronic access, with firewalls and other appropriate protection against viruses and other threats;

(f)are maintained at regular intervals, either automatically or by a person with the appropriate skills and experience;

(g)are backed up and updated regularly, including the maintenance of firewalls and other preventative systems.

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