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16. (1) The following functions under the Employer Debt Regulations are regulatory functions of the Pensions Regulator for the purposes of Part 1 of the 2004 Act—
(a)the power to make a direction under regulation 7(1);
(b)the power to issue a notice under section 7(3)(b);
(c)the power to make a direction under regulation 7(7);
(d)the power to issue a notice under regulation 7(8);
(e)the power to issue a notice under regulation 7(10);
(f)the power to issue a notice under regulation 7A(2).
(2) The Pensions Regulator may, if it thinks fit, delegate the functions specified in paragraph (1) to the Determinations Panel established under section 9 of the 2004 Act (the Determinations Panel).
(3) Omit regulation 3 of the Occupational Pension Schemes (Employer Debt etc) (Amendment) Regulations 2005(1).
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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