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Section 46
1E+W+SThe Pensions Act 1995 is amended as follows.
Commencement Information
I1Sch. 19 para. 1 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
2E+W+SIn section 6 (removal or suspension of trustees: consequences)—
(a)in subsections (1) and (3), after “section 3” insert “ or 3A ”;
(b)in subsection (4), after “section 3” insert “ , 3A ”.
Commencement Information
I2Sch. 19 para. 2 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
3E+W+SIn section 7 (appointment of trustees), in subsection (1), after “section 3,” insert “ by section 3A ”.
Commencement Information
I3Sch. 19 para. 3 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
4E+W+SIn section 9 (removal and appointment of trustees: property), after “a trustee” insert “ or a trustee is removed under section 3A ”.
Commencement Information
I4Sch. 19 para. 4 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
5E+W+SThe Pensions Act 2004 is amended as follows.
Commencement Information
I5Sch. 19 para. 5 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
6E+W+SIn section 10 (functions exercisable by the Determinations Panel), in subsection (6), after paragraph (e) insert—
“(ea)section 3A(3) of that Act (application for waiver of prohibition);”.
Commencement Information
I6Sch. 19 para. 6 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
7E+W+SIn section 66 (register of prohibited trustees), in subsection (1), for the words from “of all” to the end substitute “(“the prohibition register”) of—
“(a)all persons who are prohibited under section 3 of the Pensions Act 1995, and
(b)all persons appearing to the Regulator to be prohibited under section 3A of that Act.”
Commencement Information
I7Sch. 19 para. 7 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
8E+W+SIn section 96 (Pensions Regulator's regulatory functions: standard procedure), in subsection (6), after paragraph (i) insert—
“(ia)the power under section 3A(3) of that Act to give a notice waiving a prohibition;”.
Commencement Information
I8Sch. 19 para. 8 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
9E+W+SIn section 97 (Pensions Regulator's regulatory functions: special procedure), in subsection (5), after paragraph (j) insert—
“(ja)the power under section 3A(3) of that Act to give a notice waiving a prohibition;”.
Commencement Information
I9Sch. 19 para. 9 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)
10(1)Schedule 2 (Pensions Regulator's reserved regulatory functions) is amended as follows.E+W+S
(2)After paragraph 5 insert—
“5AThe power under section 3A(3) to give a notice waiving a prohibition.”
(3)In paragraph 9(a), after “orders)” insert “ or by section 3A ”.
Commencement Information
I10Sch. 19 para. 10 in force at 11.9.2014 by S.I. 2014/2377, art. 2(1)(a)(i)(2)(l)