Retirement Benefits Schemes Act 2000 (Appointed Day) (No. 2) Order 2001

Statutory Document No. 648/01
RETIREMENT BENEFITS SCHEMES ACT 2000
THE RETIREMENT BENEFITS SCHEMES ACT 2000
(APPOINTED DAY) (No. 2) ORDER 2001
In exercise of the powers conferred on the Treasury by section 56 of the Retirement Benefits Schemes Act 2000 1 , and of all other enabling powers, the following Order is hereby made:—

• Citation and interpretation

1. (1) This Order may be cited as the Retirement Benefits Schemes Act 2000
   (Appointed Day) (No. 2) Order 2001.
   (2) In this Order –
   (a) references to "the Act" are references to the Retirement Benefits Schemes Act 2000 and references to sections are references to sections of the Act; (b) references to "international schemes" are references to 'international retirement benefits schemes' as defined in the Retirement Benefits Schemes (International Schemes) Regulations 2001 2 . Appointed day
2. (1) The provisions specified in Part I of the Schedule shall come into operation on –
   (a) in respect of international schemes which immediately before 1st January 2002 are operating in or from the Island, 1st June 2002; (b) in respect of all other international schemes, 1st January 2002. (2) The provisions specified in Part II of the Schedule shall come into operation on 1st January 2002. Made 7th November 2001 Minister for the Treasury 2000 c.14 2SD 645/01 Pric. Band A 50p

• S

• 1 -

• section 1
  section 2
  section 11
  section 12
  section 15
  section 17
  section 18
  section 36
  promotion of schemes application for authorisation
  schedule of payments to certain schemes
  schedule of payments: supplementary
  annual accounts professional advisers alteration of scheme and changes of trustee, administrator and professional adviser retirement benefits scheme administrators

• SCHEDULE
  Article 2.
  PART I
  PROVISIONS OF THE ACT COMING INTO FORCE FOR THE PURPOSE OF INTERNATIONAL SCHEMES ONLY

• PART II
  PROVISIONS OF THE ACT COMING FULLY INTO FORCE
  section 3 authorisation
  section 4 revocation of authorisation
  section 5 representations against revocation
  section 6 constitution and management
  section 16 publication of scheme particulars
  section 19 directors, controllers, etc.
  section 20 avoidance of exclusion clauses.
  section 25 to 35 powers of supervisions, investigation and
  intervention
  section 38(1), (2) and (4) to (9) review of Supervisor's decision
  section 41 blowing the whistle
  section 42 publication of information and advice
  section 43 restrictions on disclosure of information
  section 44 exceptions from restrictions and disclosure
  section 45 public registers
  section 46 false and misleading statements
  section 47 defence in criminal proceedings
  section 48 criminal penalties
  section 49 offences by bodies corporate
  section 50 civil penalties.
  •

• 2 -

EXPLANATORY NOTE
(This note is not part of the Order)
This Order provides for the coming into operation, both wholly and partly, of certain provisions of the Retirement Benefits Schemes Act 2000 (c.14) from the days appointed in the Order.
Article 1 provides for the citation and interpretation.
Article 2(1) establishes the appointed day for the coming into operation, in respect of
international schemes only, of those sections of the Act set out in Part I of the
Schedule. For international schemes established and operating in or from the Isle of
Man immediately before the 1st January 2002, the appointed day is the 1st June 2002. For all other international schemes, the appointed day is the 1st January 2002.
Article 2(2) establishes that the appointed day for the coming into operation, for all
schemes, of those sections of the Act set out in Part II of the Schedule is the 1st January 2002. NOTE AS TO EARLIER APPOINTED DAY ORDERS (This note is not part of the Order) The Retirement Benefits Schemes (Appointed Day)(No. 1) Order 2001 (S.D. 173/01) brought into force all of the provisions of the Act to the extent necessary for the purpose of making public documents under the Act. In addition it brought into force fully the following provisions of the Act — Provision Relevant Appointed Day
Section 37 1st April 2001
Sections 38(3) and (10) 1st April 2001
Sections 51 to 56 1st April 2001
Schedules 1 to 3 1st April 2001