Subsections (1) to (5) of section 22 set out who has responsibility for notifying the Pensions Regulator of events set out in the table in section 21(6).
Subsection (6) creates a requirement for the trustees to notify employers of the triggering event and other matters to be determined by regulations.
Regulations under subsection (7) will set out the time periods for notifications under this section.
Subsection (10) provides that a civil penalty under Article 10 of the Pensions (Northern Ireland) Order 1995 applies where a person fails to comply with the notification requirements under this section.
Subsection (11) provides that regulations under this section are subject to negative resolution.