IE
S.I. No. 276/2008 - Pensions Act 1990 (Registration and Renewal of Registration of Administrators) Regulations 2008
Table of Provisions (6)
Statutory Text (6 Articles)
1. All sections of the form must be competed in full. “None” or “Not Applicable” should be entered where appropriate, but blank spaces or “to be advised” or similar responses may result in the application being rejected as incomplete.
2. Where there is insufficient space on the form a continuation sheet may be used as necessary if adequately attached to the main form and bearing the name of the applicant and date of application.
3. If the applicant is a body corporate, the form must be completed and signed by a duly authorised director, manager or officer of the applicant.
4. The application form is also available in electronic format from the website www.pensionsboard.ie.
5. This form should be submitted to: The Pensions Board, Registration Unit, Verschoyle House, 28/30 Lower Mount Street, Dublin 2 or electronically, subject to such requirements as the Board may stipulate.
Note one
The core administration functions that currently may be undertaken by a registered administrator are set out in section 64G(1)(
a
), (
b
) and (
c
) of the Act and are—
(
a
) prepare on behalf of the trustees an annual report in the prescribed form and deliver it to the trustees not less than one month prior to the date by which the trustees are required by regulations under the Act to make the annual report available,
(
b
) prepare on behalf of the trustees annual benefit statements for members and deliver them to the trustees not less than one month prior to the date by which the trustees are required by regulations under the Act to make such statements available, and
(
c
) keep accurate and sufficient records of members and of their entitlements to enable the registered administrator to discharge the duties specified in paragraphs (
a
) and (
b
).
Note two
The trustees of every scheme or trust RAC are required by section 55(1) of the Act and regulations to select a period for disclosure purposes. Insert in this column the end date of that period for each scheme and trust RAC.
Note three
This would for example require you, before taking on new business during the registration year, to be satisfied that you have appropriate systems and procedures in place and are competent to take on that new business.
For further information visit WWW.PENSIONSBOARD.IE
GIVEN under the Official Seal of the Minister for Social and Family Affairs,
17 July 2008
MARY HANAFIN.
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 content of—
•the application form which must be completed and submitted to the Pensions Board by persons applying to be registered with the Board as a registered administrator; and
•the renewal form which must be completed and submitted to the Pensions Board by a registered administrator on an annual basis.
S.I. No. 276 of 2008
PENSIONS ACT 1990 (REGISTRATION AND RENEWAL OF REGISTRATION OF ADMINISTRATORS) REGULATIONS 2008
Notice of the making of this Statutory Instrument was published in
“Iris Oifigiúil” of
22
nd July
, 2008.
The Minister for Social and Family Affairs, in exercise of the powers conferred on her by section 5(1) of the
Pensions Act 1990
(No. 25 of 1990), hereby makes the following Regulations
Citation and Commencement