AI Summary of 26Q .Completion of External Report.
The External Report reviewer must submit the completed External Report to the relevant trustees of the scheme or trust RAC. Subsequently, the trustees are obligated to deliver a copy to the Pensions Authority promptly, adhering to the timeline specified in the notice under section 26N(1).
In instances where the reviewer anticipates a delay in submission, it is essential to inform both the trustees and the Pensions Authority, providing an estimated timeline for delivery. Upon receiving the report, the Pensions Authority will assess the compliance status of the scheme or trust RAC, determining whether it meets, partially meets, or fails to meet the stipulated provisions.
26Q .Completion of External Report.
(1) When the External Report reviewer has completed the External Report, he or she shall deliver it to the trustees of the scheme or trust RAC concerned.
(2) The trustees referred to in subsection (1) shall as soon as practicable deliver a copy of the External Report to the Pensions Authority not later than the date specified in the notice given under section 26N(1).
(3) Where the External Report reviewer is unable to deliver the External Report to the trustees on or before the date referred to in subsection (2), the External Report reviewer shall notify the trustees of the scheme or trust RAC concerned and the Pensions Authority as soon as practicable of the delay and provide an estimate of time required to deliver the External Report.