Occupational Pension Schemes (Disclosure of Information) Regulations, 1998
Statutory Instruments
Source: Statutory Instruments

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paragraphs: (1) These Regulations may be cited as the Occupational Pension Schemes (Disclosure of Information) Regulations, 1998.
(2) These Regulations shall come into operation on the 1st day of April, 1998.
2 Revocation
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paragraphs: The Occupational Pension Schemes (Disclosure of Information) Regulations, 1991 ( S.I. No. 215 of 1991 ) are hereby revoked.
3 Definitions
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paragraphs: In these Regulations -
(a) shares or other securities issued by the employer or by an affiliated employer,
(b) land which is occupied or used by or subject to a lease in favour of the employer or an affiliated employer,
(c) property, other than land, which is used for the purpose of any business carried on by the employer or an affiliated employer,
(d) loans to the employer or an affiliated employer,
(e) moneys due to the scheme held by the employer or an affiliated employer ;
(a) Government securities ;
(b) insurance policies ;
(c) contracts of assurance ;
(d) managed funds ;
(e) unit trusts ; and
(f) cash deposits .
4 Audited Accounts
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paragraphs: (1) In this article "relevant scheme" means a scheme to which the Act applies by virtue of section 56.
(2) Subject to sub-article (3) of this article and to article 7 of these Regulations, the trustees of a relevant scheme shall, in accordance with section 56 of the Act, cause -
(a) the accounts of such a scheme to be audited by a qualified auditor in respect of each scheme year which commences on or after the 1st day of January, 1991 (or, where the relevant scheme had been in operation for only part of that scheme year for that part of that scheme year), and
(b) the auditor's report to be prepared on the accounts,
(3) A copy of the latest audited accounts and the auditor's report on the accounts shall be made available by the trustees of the scheme not later than 9 months after the end of the scheme year to which it relates, or such later date as may be approved by the Board, in the manner specified in sub-article (4) of this article to the following persons :
(a) the members and prospective members of the scheme,
(b) the spouses of members and of prospective members of the scheme,
(c) persons within the application of the scheme qualifying or prospectively qualifying for its benefits, and
(d) an authorised trade union representing the members concerned.
(4) A copy of the latest audited accounts and the auditor's report on the accounts shall be furnished free of charge -
(a) to an authorised trade union representing the members of the relevant scheme not later than 9 months after the end of the scheme year to which it relates or such later date as may be approved by the Board ;
(b) on request, to any of the persons specified in paragraphs (a), (b) and (c) of sub-article (3) of this article not later than 4 weeks after the request is made.
(5) A copy of any earlier audited accounts or auditor's report on the accounts prepared under section 56 of the Act shall be made available for inspection free of charge on request to any of the persons specified in sub-article (3) of this article not later than 4 weeks after the request is made.