Pension Schemes Act (Northern Ireland) 2021

10.  Section 21 (triggering events) has effect as if—

(a) in subsection (2)—

(i) after “2” there were inserted “, 2A”;

(ii) after “withdraw” there were inserted “or refuse”;

(b) in subsection (5)(c)—

(i) after “2” there were inserted “or 2A”;

(ii) after “withdraw” there were inserted “or refuse”;

(iii) after “withdrawn” there were inserted “or refused”;

(c) in the table in subsection (6), after the row for item 2 there were inserted—

“2A. The Regulator notifies the trustees of an existing Master Trust scheme of the Regulator’s decision to refuse to grant the scheme authorisation.

The date on which the notification is given.”

(d) in that table, in the triggering event described in item 3, for “3(3)” there were substituted “3(4)”.