Part 1: Collective Money Purchase Benefits Authorisation criteria Section 14: Financial sustainability requirement
Section 14 applies for the purposes of enabling the Pensions Regulator to decide whether a collective money purchase scheme is financially sustainable. In order to be satisfied of this, the Regulator must be satisfied that the scheme has sufficient financial resources to meet the costs (a) of setting up and running the scheme, and, (b) in the event of a triggering event occurring, of complying with requirements under sections 31 to 45 and of continuing to run the scheme for a period as the Regulator thinks appropriate for the scheme (which must be at least 6 months and no more than two years) (subsection (2)).
	Subsection (3) provides a power for the Secretary of State to make regulations setting out matters that the Regulator must take into account in deciding if it is satisfied that a scheme has sufficient financial resources to meet these costs, which may include provision requiring specified information to be provided to the Regulator or specifying financial requirements to be met by the scheme (subsection (4)).