Appointment of trustees by the RegulatorN.I.
31.—(1) In Article 7 of the 1995 Order (appointment of trustees)—
(a)omit paragraph (4), and
(b)after paragraph (5) insert—
“(5A) An application may be made to the Authority in relation to a trust scheme by—
(a)the trustees of the scheme,
(b)the employer, or
(c)any member of the scheme,
for the appointment of a trustee of the scheme under paragraph (3)(a) or (c).” .
(2) In Article 8 of that Order (consequences of appointment of trustees under Article 7), for paragraphs (1) and (2) substitute—
“(1) An order under Article 7 appointing a trustee may provide for any fees and expenses of trustees appointed under the order to be paid—
(a)by the employer,
(b)out of the resources of the scheme, or
(c)partly by the employer and partly out of those resources.
(2) Such an order may also provide that an amount equal to the amount (if any) paid out of the resources of the scheme by virtue of paragraph (1)(b) or (c) is to be treated for all purposes as a debt due from the employer to the trustees of the scheme.” .