Note on new Disclosure Requirements

Friday 7 October 2005:These regulations revoke and replace the OPS (Disclosure of Information) (No. 2) Regulations, 1998 as amended on a phased basis.

These regulations are based on the recommendations made by the Board in its report of June 2000 to the Minister for Social and Family Affairs “Disclosure and other issues arising on consideration of the implementation of those recommendations”. They are also intended to implement various other recommendations made in Board reports, certain provisions of the Pensions (Amendment) Act 2002 and the disclosure requirements of Directive 2003/41 EC on the activities and supervision of institutions for occupational retirement provision (IORPs Directive).

The explanations of each article set out below are not intended to be exhaustive or comprehensive.

It should be noted that new Guidance notes on these regulations and accompanying information booklets will issue in due course.