S.I. No. 503/2002 - Personal Retirement Savings Accounts (Operational Requirements) Regulations, 2002

1. Period to which the return relates.

2. Name of PRSA provider.

3. Address of registered office.

4. Name of person to whom enquiries relating to the return should be addressed.

Contributor Details

5. Name, date of birth, and sex of contributor.

6. Marital status of contributor at contract start date.

7. Economic status and occupation of contributor at contract start date under the following headings:-

(a) Self employed of which

(i) agricultural,

(ii) other self employed.

(b) Employees, of which

(i) managers, professional, technical and administrative,

(ii) clerical and secretarial,

(iii) trades, craft and related,

(iv) personal and protective service,

(v) sales,

(vi) plant and machine operatives,

(vii) other employees,

(c) Not economically active/ unemployed.

8. Personal Public Service Number of contributor.

9. PRSA product details under the following headings

(a) PRSA product name,

(b) PRSA product approval number issued by Pensions Board,

(c) Whether PRSA is a

(i) standard PRSA, or

(ii) PRSA other than standard PRSA.

10. Whether default investment strategy was implemented in accordance with section 103(1)(b).

11. Date contributions commenced.

12. Whether contribution is paid via payroll deduction.

13. Total amount of contribution paid by or in respect of contributor from contract start date up to last day of period to which return relates under each of the following headings

(a) employer,

(b) contributor,

(c) payment from

(i) other PRSA,

(ii) defined benefit scheme,

(iii)defined contribution scheme,

(iv) retirement annuity contract,

(v) pension arrangement outside the State.

14. Where appropriate, value of transfer of PRSA asset made to any of the following

(a) other PRSA,

(b) defined benefit scheme,

(c) defined contribution scheme,

(d) pension arrangement outside the State.

15. Value of contributors PRSA assets at end of period to which return relates, or where contract has been terminated during the period, the date the contract terminated and the value of the PRSA assets at that date.

16. Whether a payment to which section 787G(3) of the

Taxes Consolidation Act 1997

, applies has been paid to the contributor and the amount and date of such payment.

SCHEDULE C

Article 9

(4)

CERTIFICATE OF PRSA ACTUARY UNDER ARTICLE 9(4) OF THE PERSONAL RETIREMENT SAVINGS ACCOUNTS (OPERATIONAL REQUIREMENTS) REGULATIONS, 2002

Name and address of PRSA provider

Calendar year ended

Name and address of PRSA actuary

I hereby certify that, in respect of the above calendar year the amounts deducted by way of charges from all PRSA products operated by the above PRSA provider:-

(a) comply with Part X of the

Pensions Act, 1990

, and

(b) are consistent with the documentation disclosed by the PRSA provider to its customers pursuant to the Personal Retirement Savings Accounts (Disclosure Regulations, 2002.

Signed

____________

Name of PRSA actuary

Date

____________

GIVEN

under the Official Seal of the Minister for Social and Family Affairs, this 7

th

day of November, 2002

Mary Coughlan T.D.

Minister for Social and Family Affairs.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations prescribe the information which must be furnished to the Pensions Board by a PRSA provider, detailing the information to be contained in

* the 3-month Report and the 3-month Return required under

Section 99

of the

Pensions Act, 1990

relating to the database of statistics to be maintained by the Board, and

* an Annual Report to be delivered by a PRSA provider to the Pensions Board.

The Regulations also provide for

* delivery to the Pensions Board of the Audited Accounts of a PRSA provider;

* the requirements to be complied with in relation to the Default Investment Strategy;

* the periods within which the determination and certificate of a PRSA actuary required by

Section 119

of the

Pensions Act, 1990

must be made and the matters to which the determination should relate.

The Regulations also empower the Pensions Board to impose conditions or requirements on a PRSA provider in respect of advertising of PRSA products.

The Minister for Social and Family Affairs, in exercise of the powers conferred on her by

sections 5

,

99

,

103

,

110

,

115

,

117

,

118

and

119

of the

Pensions Act, 1990

(No. 25 of 1990), hereby makes the following Regulations: -

Citation.