S.L. 514.9 Art. 7Information to be provided by occupational retirementschemes for supervisory purposes.

The competent authority shall, in respect of any occupational retirement scheme or Retirement Scheme Administrator, as applicable, have the necessary powers and means to:

(a) require the Retirement Scheme Administrator of an occupational retirement scheme, or persons who effectively run the scheme or who carry out key functions, to supply at any time information about all business matters or to forward all business documents;

(b) supervise relationships between the occupational retirement scheme and other companies, the Retirement Scheme Administrator and other companies or between schemes, when the Retirement Scheme Administrator outsources key functions or any other activities to those companies or schemes and all subsequent re-outsourcing, influencing the financial situation of the occupational retirement scheme or being in a material way relevant for effective supervision;

(c) obtain the following documentation:

(i) own-risk assessment;

(ii) statement of investment-policy principles;

(iii) annual accounts;

(iv) annual reports; and

(iv) all other documents necessary for the purposes of supervision;

(d) request any document which is necessary for the purposes of supervision, including:

(i) internal interim reports;

(ii) actuarial valuations and detailed assumptions; (GENERAL PROVISIONS OF SUPERVISION)

(iii) asset liability studies;

(iv) evidence of consistency with investment-policy principles;

(v) evidence that contributions have been paid in as planned;

(vi) reports by the approved auditor;

(e) carry out on-site inspections at the occupational retirement scheme’s and the Retirement Scheme Administrator’s premises and, where appropriate, on outsourced and all subsequent re-outsourced activities to check if activities are carried out in accordance with the Act, regulations and Pension Rules issued thereunder;

(f) request information from the Retirement Scheme Administrator about outsourced and all subsequent re-outsourced activities at any time.