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SCHEDULES

SCHEDULE 4THE BOARD OF THE PENSION PROTECTION FUND

2.—(1) The Board may make arrangements for any of its functions mentioned in sub-paragraph (2) to be exercised, in accordance with those arrangements, by a person on behalf of the Board.

(2) The functions are those conferred by or by virtue of—

(a)the pension compensation provisions (see Article 146);

(b)Article 147 (adjustments to be made where Board assumes responsibility for a scheme);

(c)Article 149 (duty to notify Inland Revenue in relation to guaranteed minimum pensions);

(d)Article 150 (duty to pay scheme benefits unpaid at assessment date);

(e)Articles 153 and 154 (discharge of liabilities in respect of compensation or money purchase benefits);

(f)Article 173 (notices requiring provision of information);

(g)Article 185(1)(a) (provision of information to members of schemes etc.);

(h)paragraph (2) of Article 101 (supplementary powers), so far as that paragraph relates to any function conferred by or by virtue of any provision mentioned in paragraphs (a) to (g).

(3) Where arrangements are made under this paragraph for any functions of the Board to be exercised by another person on its behalf—

(a)Article 177(1)(b) (offence of providing false or misleading information to the Board) and Article 178 (use of information) apply in relation to that person and any functions of the Board exercised by him as they apply in relation to the Board and its functions;

(b)subject to paragraph (c), Articles 179 to 184 and 185(2) to (6) (disclosure of information) apply in relation to that person and any information obtained by him in the exercise of the Board’s function as they apply in relation to the Board and information obtained by it in the exercise of its functions;

(c)nothing in paragraph (b) authorises any person to determine on behalf of the Board under Article 183(1) whether the disclosure of any restricted information is desirable or expedient in the interests of members of occupational pension schemes or in the public interest.