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SCHEDULES

Prospective

SCHEDULE 1E+W+SPause orders

Validation of action in contravention of pause orderE+W+S

3(1)If a pause order is made in relation to a Master Trust scheme, the Pensions Regulator may by order validate action taken in contravention of the order.E+W+S

(2)Any of the following persons may apply to the Regulator for an order under this paragraph validating particular action—

(a)the trustees of the scheme;

(b)any person directly affected by the action.