Regulator’s functions
3.—(1) The Regulator has—
(a)the functions transferred to it from the Occupational Pensions Regulatory Authority by virtue of this Order, and
(b)any other functions conferred by, or by virtue of, this or any other statutory provision.
(2) Schedule 1 makes further provision about the Regulator.
(3) As regards the exercise of the Regulator’s functions—
(a)the functions mentioned in the following provisions are exercisable only by the Determinations Panel—
(i)Article 7(1) (the power in certain circumstances to determine whether to exercise the functions listed in Schedule 2 and to exercise them), and
(ii)Article 94(10) (the functions concerning the compulsory review of certain determinations), and
(b)the exercise of other functions of the Regulator (except the non-executive functions which are exercised in accordance with section 4(2)(a) of the Pensions Act 2004 (c. 35) and functions which are delegated in accordance with section 4(2)(c) of that Act) may be delegated by the Regulator under paragraph 1 of Schedule 1.
(4) Paragraph (3) is subject to any regulations made by the Department under paragraph 2 of Schedule 1 (power to limit or permit delegation of functions).