OPS firm
- (a) (except in IPRU(INV)) a firm which:
- (i) carries on OPS activity; and
- (ii) is one or more of the following:
- (A) a trustee of the occupational pension scheme in question;
- (B) a company owned by the trustees of the occupational pension scheme in question;
- (C) a company which is:
- (I) an employer in relation to the occupational pension scheme in question in respect of its employees or former employees or their dependants; or
- (III) an administering authority subject to the Local Government Superannuation Regulations 1986; or