The Occupational Pension Schemes (Internal Controls) Regulations (Northern Ireland) 2005
These Regulations amend the Pensions (Northern Ireland) Order 2005 (“the Order”). Regulation 2 inserts Article 226A which implements the requirement in Article 14(1) of the European Union Directive on the activities and supervision of institutions for occupational retirement provision (Directive 2003/41/EC) (“the Directive”) that the trustees or managers of an occupational pension scheme must have adequate internal control mechanisms.