Revised Laws of Saint Lucia (2021)

144.   Registration of plans

  1.  

    (1)   An application for the or she registration of the plan under this Part shall be addressed to the Registrar and shall—

    1.  

      (a)     be on the approved form;

    1.  

      (b)     be signed by the trustees of the plan;

    1.  

      (c)     specify the address at which communications concerning the plan will be received (in this Act referred to as the “address of the plan”);

    1.  

      (d)     be accompanied by—

      1.  

        (i)     a copy of the trust deed and of the rules of the plan,

      1.  

        (ii)     a copy of the actuarial report on which the plan is based,

      1.  

        (iii)     a list of the names and addresses of the trustees of the plan,

      1.  

        (iv)     in the case of an insured plan a copy of the policy of insurance related to benefits provided by the plan, and

      1.  

        (v)     such other documents or further information as may be required by the Registrar.

  1.  

    (2)   Where an application is made in accordance with this Part for the registration of the plan, the Registrar shall register the plan and the rules thereof where he or she is satisfied that the plan is qualified for registration.

  1.  

    (3)   Where—

    1.  

      (a)     the trust deed or the rules, or both, of a plan registered under this Part (hereafter referred to as a “registered plan”) are amended; or

    1.  

      (b)     there is any change in the address of the plan or in the names or addresses of the trustees thereof, the trustees shall, within 21 days of the amendment or the change, apply for the registration of the amendment or the change.

  1.  

    (4)   An application for an amendment or for a change shall be addressed to the Registrar and shall—

    1.  

      (a)     be on the approved form;

    1.  

      (b)     be signed by one of the trustees of the plan; and

    1.  

      (c)     shall be accompanied—

      1.  

        (i)     in the case of an amendment, by a copy of the amendment signed by one of the trustees, or

      1.  

        (ii)     in the case of a change, by such particulars as may be necessary for the correction of the records.