5
In forceManagement modules
5 Management modules
(1)
The management module that applies to a standard scheme, for section 94 of the Act, is:
(a)
if the scheme statement specifies that management module 1 applies to the scheme – management module 1, which is set out in
Schedule 1; or
(b)
otherwise – management module 2, which is set out in Schedule
2.
(2)
The management module that applies to a small scheme, for section 94 of the Act, is management module 3, which is set out in Schedule 3.
Note for regulation 5
The schemes supervisor may approve changes to the management module applying to a particular scheme under section 94(4)(b) of the Act.
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