380. Requirement of trustees or managers to obtain audited accounts and auditor's statement.

Where the statutory requirement1 to appoint an individual or a firm as auditor applies, the trustees or managers2 of an occupational pension scheme must obtain, not more than seven months after the end of each scheme year3 which ends on or after 6 April 1997:


    (1)     accounts, prepared in accordance with the prescribed requirements4, audited by the auditor;


    (2)     the auditor's statement5 about contributions under the scheme6.

In the case of an ear-marked scheme7, the requirement to obtain accounts in accordance with head (1) does not, however, apply and the trustees and managers of such a scheme must: (a) upon

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