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5.—(1) A pension board (“the Pension Board”) is established(1).
(2) The Pension board is responsible for assisting the scheme manager—
(a)to secure compliance with—
(i)these Regulations;
(ii)any other legislation relating to the governance and administration of this scheme and any statutory pension scheme that is connected with it; and
(iii)requirements imposed by the Pensions Regulator in relation to this scheme or any statutory pension scheme that is connected with it; and
(b)to ensure the effective and efficient governance and administration of this scheme and any connected scheme.
(3) The Pension Board may determine its own procedures, subject to the approval of the scheme manager.
(4) Subject to paragraph (3) the Pension Board shall have power to do anything which is calculated to facilitate, or is conducive or incidental to, the discharge of its functions.
See section 5(8) of the 2014 Act for the meaning of “pension board”.
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