Occupational And Personal Pension Schemes (General) Regulations, 2011 (LI 1990)Regulation 56(1) Where the Authority is notified of a matter under regulation 55 and the Authority is of the opinion that the matter can be rectified, the Authority may, by written notice direct the trustee to rectify the matter at the trustee's own expense within the period specified in the notice.(2) The Authority may in addition to directives given to the trustee(a) by written notice request the auditor of the scheme to provide the Authority with a report indicating whether the trustee has rectified the matter within thirty days after the end of the period specified in the notice and at the expense of the trustee, and(b) attach a copy of the notice given to the trustee to rectify the matter. (3) An approved trustee who fails to comply with a directive under sub regulation (1) commits an offence and is liable on summary conviction to a fine of not less than one thousand, two hundred and fifty penalty units and not more than two thousand, five hundred and fifty penalty units or to a term of imprisonment of not more than five years or to both. |
Procedures to FollowNot Avaiable |
Responsible InstitutionNational Pensions Regulatory Authority
SU Towers Accra |
Relevant Forms to Download |
Fees / ChargesNot Avaiable |