Part 1: Collective Money Purchase Benefits Authorisation criteria Section 16: Systems and processes requirements
This section applies for the purposes of enabling the Pensions Regulator to decide whether a collective money purchase scheme has sufficient systems and processes to ensure it is run effectively. It provides a power for the Secretary of State to make regulations specifying matters that the Pensions Regulator must take into account (subsection (2)) in deciding if this criterion is met.
	Subsection (3) provides a non-exhaustive list of the matters concerning systems and processes about which the Secretary of State may make regulations. These include, but are not limited to, the standards, functions and maintenance of IT systems, and processes relating to the appointment and removal of trustees.