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Pensions Act 2014

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Changes over time for: SCHEDULE 19

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Changes and effects yet to be applied to the whole Act associated Parts and Chapters:

Section 46

SCHEDULE 19E+W+SProhibition orders: consequential amendments

This schedule has no associated Explanatory Notes

Pensions Act 1995 (c. 26)E+W+S

1E+W+SThe Pensions Act 1995 is amended as follows.

Commencement Information

2E+W+SIn section 6 (removal or suspension of trustees: consequences)—

(a)in subsections (1) and (3), after “section 3” insert “ or 3A ”;

(b)in subsection (4), after “section 3” insert “ , 3A ”.

Commencement Information

3E+W+SIn section 7 (appointment of trustees), in subsection (1), after “section 3,” insert “ by section 3A ”.

Commencement Information

4E+W+SIn section 9 (removal and appointment of trustees: property), after “a trustee” insert “ or a trustee is removed under section 3A ”.

Commencement Information

Pensions Act 2004 (c. 35)E+W+S

5E+W+SThe Pensions Act 2004 is amended as follows.

Commencement Information

6E+W+SIn section 10 (functions exercisable by the Determinations Panel), in subsection (6), after paragraph (e) insert—

(ea)section 3A(3) of that Act (application for waiver of prohibition);.

Commencement Information

7E+W+SIn section 66 (register of prohibited trustees), in subsection (1), for the words from “of all” to the end substitute “(“the prohibition register”) of—

(a)all persons who are prohibited under section 3 of the Pensions Act 1995, and

(b)all persons appearing to the Regulator to be prohibited under section 3A of that Act.

Commencement Information

8E+W+SIn section 96 (Pensions Regulator's regulatory functions: standard procedure), in subsection (6), after paragraph (i) insert—

(ia)the power under section 3A(3) of that Act to give a notice waiving a prohibition;.

Commencement Information

9E+W+SIn section 97 (Pensions Regulator's regulatory functions: special procedure), in subsection (5), after paragraph (j) insert—

(ja)the power under section 3A(3) of that Act to give a notice waiving a prohibition;.

Commencement Information

10(1)Schedule 2 (Pensions Regulator's reserved regulatory functions) is amended as follows.E+W+S

(2)After paragraph 5 insert—

5AThe power under section 3A(3) to give a notice waiving a prohibition.

(3)In paragraph 9(a), after “orders)” insert “ or by section 3A ”.

Commencement Information

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