Part 1: Collective Money Purchase Benefits Ongoing supervision Section 28: Duty to notify the Pensions Regulator of significant events
This section creates a requirement for specified persons to notify the Pensions Regulator of significant events, in writing, as soon as reasonably practicable after the person becomes aware such an event has occurred in relation to an authorised collective money purchase scheme.
	Subsection (2) sets out the people who are required to notify the Regulator of significant events. They are: trustees of the scheme, employers in relation to the scheme, persons who have power to appoint or remove a trustee or vary a provision of the scheme, persons who provide legal, financial or actuarial advice to the scheme, the manager of the scheme administration services and persons acting in a capacity specified in regulations.
	Subsection (3) sets out that the Secretary of State must make regulations setting out the significant events that are required to be reported.
	Subsection (4) provides that the Secretary of State may make regulations specifying further information that is to be provided by a person required to give notice of a significant event.
	Subsection (5) sets out that the disclosure of information under this section does not breach any obligation of confidence owed by the person making the disclosure or any other restriction on the disclosure of information (however imposed). Subsection (6) makes it clear that this section does not require a disclosure of information if the disclosure would contravene data protection legislation (as defined in section 49(1)). Under subsection (7), a person is not required by this section to disclose anything in respect of which a claim to legal professional privilege (or, in Scotland, to confidentiality of communications) could be maintained in legal proceedings.
	Subsection (8) provides that a civil penalty under section 10 of the Pensions Act 1995 applies where there is a failure to comply with a requirement imposed by or under this section.