Captured statutory text (L5)
18 Connection for new or growing schemes
(1)If—
(a)a pension scheme does not exist at the reference date or has fewer than 100 relevant members at the reference date, but is established (if it did not exist previously) and has 100 or more relevant members at a scheme year end date on or after 1st April 2024
(b)the trustees or managers have not been granted permission for the scheme to connect on a voluntary basis under regulation 16,
then the deadline for connecting to the Money and Pensions Service is as provided for in paragraph (2).
(2)The deadline is whichever is the later of the following—
(a)6 months from the end of the scheme year in which the scheme first exists and has 100 or more relevant members, or
(b)the connection deadline that applies to a scheme which is covered by regulation 15(1).
(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)Once a deadline applies pursuant to paragraph (2), that deadline remains fixed, unless—
(a)permission to defer connection is given under regulation 17, or
(b)all the members of the scheme become pensioner members.
(5)Trustees or managers must—
(a)register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d);
(b)connect the pension scheme to the Money and Pensions Service by no later than the deadline pursuant to paragraph (2), in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d);
(c)meet the requirements in regulation 15(4) and (5).
Full captured verbatim text
(1) If— (a) a pension scheme does not exist at the reference date or has fewer than 100 relevant members at the reference date, but is established (if it did not exist previously) and has 100 or more relevant members at a scheme year end date on or after 1st April 2024 (b) the trustees or managers have not been granted permission for the scheme to connect on a voluntary basis under regulation 16, then the deadline for connecting to the Money and Pensions Service is as provided for in paragraph (2). (2) The deadline is whichever is the later of the following— (a) 6 months from the end of the scheme year in which the scheme first exists and has 100 or more relevant members, or (b) the connection deadline that applies to a scheme which is covered by regulation 15(1). (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) Once a deadline applies pursuant to paragraph (2), that deadline remains fixed, unless— (a) permission to defer connection is given under regulation 17, or (b) all the members of the scheme become pensioner members. (5) Trustees or managers must— (a) register the scheme with the Money and Pensions Service, having regard to the guidance referred to in regulation 15(2)(d); (b) connect the pension scheme to the Money and Pensions Service by no later than the deadline pursuant to paragraph (2), in compliance with the standards referred to in regulation 15(2)(c) and having regard to the guidance referred to in regulation 15(2)(d); (c) meet the requirements in regulation 15(4) and (5).