Section 45.
1. The 1995 Order is amended as follows.
2. In Article 6 (removal or suspension of trustees: consequences)—
(a)in paragraphs (1) and (3), after “Article 3” insert “or 3A”;
(b)in paragraph (4), after “Article 3” insert “, 3A”.
3. In Article 7 (appointment of trustees), in paragraph (1), after “Article 3,” insert “by Article 3A”.
4. In Article 9 (removal and appointment of trustees: property), after “a trustee” insert “or a trustee is removed under Article 3A”.
5. The 2005 Order is amended as follows.
6. In Article 7 (functions exercisable by the Determinations Panel), in paragraph (6), after sub-paragraph (e) insert—
“(ea)Article 3A(3) of that Order (application for waiver of prohibition);”.
7. In Article 61 (register of prohibited trustees), in paragraph (1), for the words from “of all” to the end substitute
“(“the prohibition register”) of—
(a)all persons who are prohibited under Article 3 of the 1995 Order, and
(b)all persons appearing to the Regulator to be prohibited under Article 3A of that Order.”.
8. In Article 91 (Pensions Regulator’s regulatory functions: standard procedure), in paragraph (6), after sub-paragraph (i) insert—
“(ia)the power under Article 3A(3) of that Order to give a notice waiving a prohibition;”.
9. In Article 92 (Pensions Regulator’s regulatory functions: special procedure), in paragraph (5), after sub-paragraph (j) insert—
“(ja)the power under Article 3A(3) of that Order to give a notice waiving a prohibition;”.
10.—(1) Schedule 2 (Pensions Regulator’s reserved regulatory functions) is amended as follows.
(2) After paragraph 5 insert—
The power under Article 3A(3) to give a notice waiving a prohibition.”.
(3) In paragraph 9(a), after “orders)” insert “or by Article 3A”.