100Approved scheme—conditions

100 Approved scheme—conditions (1) A fidelity fund scheme’s approval is subject to the following conditions: (a) the approved scheme must continue to comply with the approval criteria; (b) the trustees of the approved scheme must tell the Minister, in writing, if there is a material change to the way in which the approved scheme complies with the approval criteria; (c) a condition prescribed by regulation; (d) any other condition the Minister considers appropriate. (2) A condition may be expressed to have effect despite anything in the prudential standards. (3) The trustees of an approved scheme each commit an offence if the scheme does not comply with a condition mentioned in subsection (1).