346. Prohibitions during triggering event period

During a triggering event period1 for a master trust scheme2, neither the trustees3 nor a scheme funder4 nor a scheme strategist5 may:

  1.  

    (1)     permit a new person6 to become an employer7 in relation to the scheme; or

  2.  

    (2)     enter into an agreement under which a new person will become an employer in relation to the scheme after the end of the triggering event period8.

During a triggering event period for a master trust scheme, the trustees must not:

  1.  

    (a)     impose any administration charges9 on or in respect of members10 at levels above those set out in the implementation strategy11;

  2.  

    (b)