16.—(1) Regulations may make provision about—
(a)the investment powers of the trustees or managers of a pension scheme in connection with collective benefit investments;
(b)their powers to delegate decisions in connection with collective benefit investments (including provision as to liability for delegated decisions);
(c)the investment powers of any person to whom they have delegated decisions in connection with collective benefit investments.
(2) The regulations may, in particular—
(a)make provision corresponding or similar to any provision made by Article 34 or 36 of the 1995 Order (powers of investment and delegation and choice of investments for occupational trust-based schemes);
(b)disapply those Articles in relation to collective benefit investments.