The Pensions Regulator

Clearance

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Timescales for clearance

150. Our timescales for dealing with an application will be reduced if applicants carry out the following steps as early as possible:
     • involve the trustees and share relevant information;
     • ensure that any trustee conflicts have been dealt with;
     • ensure that the applicants and trustees have taken appropriate independent professional advice;
     • discuss and agree mitigation proposals;
     • inform the corporate risk management team of the likely application, and provide an outline of the event;
     • inform the corporate risk management team of any timescales and external deadlines, and provide an explanation of those deadlines;
     • liaise with any parties who are making a related application, as appropriate;
     • ensure that the applicants and the trustees will be available to discuss the application with the regulator; and
     • provide the appropriate information to support the application.
151. These steps will help us try to meet any reasonable timescales or deadlines the applicant may have.
152. During clearance, the parties should inform the relevant case team within corporate risk management if there are any changes to the proposed event or external deadlines.
     

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