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The Pensions Regulator

Regulatory guidance

Regulatory guidance

EU cross-border pension schemes

Introduction
Is your pension scheme accepting contributions in respect of European members?
Does your scheme need authorisation and approval?
Does my scheme need authorisation and approval by the UK regulator?
Applying for authorisation and approval
Definitions

Introduction

From December 2005, pension schemes located in one EU state need to apply for authorisation and approval to accept contributions from employers employing members who are subject to the social and labour law of another EU state.

From 23 April 2007, Norway, Iceland and Liechtenstein (EEA states) became part of the cross-border regime. All references to EU states in this guidance include EEA states and it is possible to apply for approval in these states.

The requirement for authorisation and approval from the regulator before contributions are accepted in respect of European members is set out in the cross-border legislation.