Administration
17Regulatory oversight
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Schedule 4 (regulatory oversight) contains provision relating to the regulation of schemes under section 1, new public body pension schemes and connected schemes.
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The Department for Social Development may by order make—
a
provision consequential on Schedule 4, and
b
further provision for, or in connection with, the regulation of public service pension schemes within the meaning of the Pensions (Northern Ireland) Order 2005 (as amended by that Schedule).
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The provision referred to in subsection (2) includes provision made by amending any legislation (including this Act).
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An order under this section may make different provision for different purposes.
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An order under this section is subject to the confirmatory procedure, that is to say, the order—
a
must be laid before the Assembly after being made; and
b
takes effect on such date as may be specified in the order, but (without prejudice to the validity of anything done thereunder or to the making of a new order) ceases to have effect upon the expiration of a period of 6 months from that date unless at some time before the expiration of that period the order is approved by a resolution of the Assembly.