PART IIOccupational Pensions
Supervision by the Authority
Appointment of trustees7
1
Where a trustee of a trust scheme is removed by an order under Article 3, or a trustee of such a scheme ceases to be a trustee by reason of his disqualification, the Authority may by order appoint another trustee in his place.
2
Where a trustee appointed under paragraph (1) is appointed to replace a trustee appointed under Article 23(1)(b), Articles 22 to 26 shall apply to the replacement trustee as they apply to a trustee appointed under Article 23(1)(b).
3
The Authority may also by order appoint a trustee of a trust scheme where they are satisfied that it is necessary to do so in order—
a
to secure that the trustees as a whole have, or exercise, the necessary knowledge and skill for the proper administration of the scheme,
b
to secure that the number of trustees is sufficient for the proper administration of the scheme, or
c
to secure the proper use or application of the assets of the scheme.
4
The Authority may also appoint a trustee of a trust scheme in prescribed circumstances.
5
The power to appoint a trustee by an order under this Article includes power by such an order—
a
to determine the appropriate number of trustees for the proper administration of the scheme,
b
to require a trustee appointed by the order to be paid fees and expenses out of the scheme’s resources,
c
to provide for the removal or replacement of such a trustee.
6
Regulations may make provision about the descriptions of persons who may or may not be appointed trustees under this Article.