Pensions Act (Northern Ireland) 2015

The Pensions (Northern Ireland) Order 2005 (NI 1)

5.  The 2005 Order is amended as follows.

6.  In Article 7 (functions exercisable by the Determinations Panel), in paragraph (6), after sub-paragraph (e) insert—

“(ea) Article 3A(3) of that Order (application for waiver of prohibition);”.

7.  In Article 61 (register of prohibited trustees), in paragraph (1), for the words from “of all” to the end substitute

“(“the prohibition register”) of—

(a) all persons who are prohibited under Article 3 of the 1995 Order, and

(b) all persons appearing to the Regulator to be prohibited under Article 3A of that Order.”.

8.  In Article 91 (Pensions Regulator’s regulatory functions: standard procedure), in paragraph (6), after sub-paragraph (i) insert—

“(ia) the power under Article 3A(3) of that Order to give a notice waiving a prohibition;”.

9.  In Article 92 (Pensions Regulator’s regulatory functions: special procedure), in paragraph (5), after sub-paragraph (j) insert—

“(ja) the power under Article 3A(3) of that Order to give a notice waiving a prohibition;”.

10.—(1) Schedule 2 (Pensions Regulator’s reserved regulatory functions) is amended as follows.

(2) After paragraph 5 insert—

The power under Article 3A(3) to give a notice waiving a prohibition.”.

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