- If an opt-out was in place on 5 April 2006, the commencement date is the earliest of:
- the date members' approval of the opt-out ends ;
- the date the trustees or employer bring the opt-out to an end ; or
- 31 October 2007.
The requirements for trustees to ensure that arrangements are in place, and implemented, that provide for at least one-third of trustees or at least one-third of directors of the trustee company to be member-nominated, start to apply from what is known as the 'commencement date'. The commencement date varies depending upon the circumstances of the scheme: