SCHEDULES
SCHEDULE 18POWER TO RESTRICT CHARGES OR IMPOSE REQUIREMENTS IN RELATION TO SCHEMES
Power to impose requirements relating to administration or governance
2
1
The Department may by regulations impose requirements relating to the administration or governance of a relevant scheme that must be satisfied in relation to the scheme.
2
The regulations—
a
may make provision for the manner of, and criteria for, determining whether a requirement is satisfied;
b
may provide for the determination to be made in accordance with guidance issued from time to time by the Department.
3
The regulations may impose duties on the trustees or managers of a relevant scheme or others.
4
The regulations may provide that a scheme is not a qualifying scheme in relation to a jobholder for the purposes of Part 1 of the Pensions (No. 2) Act if a provision of the regulations—
a
is contravened, or
b
is contravened in a way specified in the regulations.
5
In this paragraph “relevant scheme” means a pension scheme of a description specified in the regulations.