39 Interpretation of Part 1
Pension Schemes Act 2017 (2017 c 17) | Legislation

39  Interpretation of Part 1

(1)     In this Part—

the “accounts” of a Master Trust scheme means the accounts audited by the auditor of the scheme (and see subsection (2));

the “accounts” of a scheme funder means—

(a)     in a case where regulations under section 10(6) apply to the scheme funder, its accounts prepared in accordance with those regulations;

(b)     in any other case, its accounts prepared in accordance with the requirements of the Companies Act 2006;

“accrued rights” has the meaning given by section 100D of the Pension Schemes Act 1993;

“administration charge” has the meaning given by paragraph 1 of Schedule 18 to the Pensions Act 2014;

“authorisation” means authorisation under section 5;

“authorisation criteria” has the meaning given in section 5(3);

“continuity option 1” and “continuity option 2” have the meanings given in section 23;

“employer” has the meaning given in section 1;

“implementation strategy” has the

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