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40. In section 49 (supervision: former contracted-out schemes)—
(a)for subsection (1) substitute—
“(1) The Department may direct the trustees or managers of the scheme, or the employer, to take or refrain from taking such steps as the Department may specify in writing; and such a direction shall be final and binding on the person directed and any person claiming under him.
(1A) An appeal on a point of law shall lie to the High Court from a direction under subsection (1) at the instance of the trustees or managers or the employer, or any person claiming under them.
(1B) A direction under subsection (1) shall be enforceable as if it were an order of the county court.”,
(b)omit subsection (2),
(c)for subsection (3) substitute—
“(4) If a certificate has been issued under subsection (2) of section 46 and has not been cancelled under subsection (3) of that section, any liabilities in respect of such entitlement or rights as are referred to in section 48(2A)(a) or (b) must, except in prescribed circumstances, be discharged (subject to any directions under subsection (1)) in a prescribed manner and within a prescribed period or such longer period as the Department may allow.”, and
(d)omit subsections (4) and (5).
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