Part 1: Master Trusts Chapter 5: Triggering events: continuity Section 30: Periodic reporting requirement
This section requires that during a triggering event period the trustees of a Master Trust must submit periodic reports to the Pensions Regulator. The reports must record events or decisions and contain such other information to be set out in regulations under subsection (4). If an implementation strategy has been approved, the trustees must report on progress in carrying out the implementation strategy (sections 26 and 27).
	The timing for the submission of the first report must be set out in regulations under subsection (2), and subsequent reports will be submitted at intervals to be specified by the Pensions Regulator (subsection (3)). Under subsection (4), the report will need to report on progress in carrying out the implementation strategy and regulations will set out further detail of the content required in the report, and the form in which they are made.
	A penalty for failure to comply under section 10 of the Pensions Act 1995 applies to anyone who fails to follow the reporting requirements imposed by this section.
	Subsection (6) provides that any regulations made under this section are subject to the negative resolution procedure.